Binance Liquidates $3.12 Million Bitcoin Long in Single Futures Event

Bitcoin (BTC) had a single $3.12 million long position liquidated on Binance’s perpetual futures market at 10:15 a.m. ET (14:15 UTC) Oct. 24, with $80,419 listed as the liquidation price. The event was a single liquidation on Binance’s perpetual futures market. The entry describes one liquidation rather than a combined figure for multiple positions. The $3.12 million amount is the value attached to the liquidated long; $80,419 is the price recorded for that event. The contract was a BTC perpetual future, and the position was long. A long position is set up to benefit when an asset’s price rises, while liquidation means the position is forcibly closed. This data point describes one forced closure on Binance’s perpetual futures market, not a spot-market trade.

BeCrypto News shows a short excerpt and links to the publisher. The full report belongs to TokenPost.