OKX Liquidates $4.09 Million Bitcoin Long in Single Event

A $4.09 million Bitcoin (BTC) long position was liquidated in a single event on OKX's perpetual futures market at 12:03 p.m. ET (16:03 UTC) on Oct. 19. The liquidation price was $81,756. TokenPost collected the event directly from OKX's public liquidation data, which identified the position as a BTC long. The $4.09 million figure applies to that one liquidation, rather than to all positions liquidated on the exchange. A long position is a trade that benefits if the asset's price rises. In futures trading, liquidation closes a position when it can no longer meet margin requirements. The recorded price marks where this position was liquidated; it does not describe a broader price move. The event was recorded at 1:03 a.m. Oct. 20 in South Korea. That is 12:03 p.m. Oct.

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