Binance Liquidates $11.44 Million Bitcoin Short Position at $79,998

A single $11.44 million short position in Bitcoin (BTC) perpetual futures on Binance was liquidated at $79,998 at 10:04 a.m. ET on Nov. 4 (15:04 UTC), corresponding to 12:04 a.m. on Nov. 5 in Korea. The event combines one reported position value, one liquidation price and one timestamp. The liquidation occurred in Binance’s BTC perpetual futures market. The amount and price describe the same event. The time-zone conversion places the event on different calendar dates in the two regions: Nov. 4 in Eastern time and Nov. 5 in Korea. The alert covers one position on one exchange and one contract market. The $11.44 million figure applies to the identified Binance BTC perpetual futures short, rather than a combined amount across separate markets.

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