Binance BTC Long Liquidation Hits $2.83 Million at $81,904

A single Binance Bitcoin (BTC) perpetual futures long position worth $2.83 million was liquidated at $81,904 at 11:32 p.m. ET on Oct. 15 (03:32 UTC on Oct. 16). The record covers one liquidation on Binance’s BTC perpetual futures market. The $2.83 million figure is the reported value of the position closed, while $81,904 is its liquidation price. The amount and price describe different parts of the same event: the position’s value and the price at which it was liquidated. The position was on the long side. A long position is a trade that benefits when Bitcoin rises, so the entry records a forced close of a bullish BTC position. It is one liquidation entry from Binance, not a count of every liquidation on the exchange or across crypto markets.

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