OKX Liquidates $4.82 Million Ether Short in a Single Event
Photo: TokenPost
A $4.82 million short position in Ether (ETH) perpetual futures was liquidated in a single event on OKX at 9:59 a.m. ET (13:59 UTC) on Oct. 20. TokenPost collected the event from OKX's public liquidation data. The recorded liquidation price was $2,412. The $4.82 million figure is the size of the one short position closed in that event, rather than a total of separate liquidations. A perpetual future is a derivatives contract without a scheduled expiration. A short position is designed to gain value when an asset's price falls.
Source: TokenPost
