OKX Records Single $3.37 Million Bitcoin Short Liquidation

OKX recorded a single $3.37 million liquidation of a short position in Bitcoin (BTC) perpetual futures at 10:35 a.m. ET (14:35 UTC) Oct. 21, at a liquidation price of $84,139. The event appears in TokenPost's direct collection of OKX's public liquidation data. The $3.37 million figure describes the value of the liquidated position, while $84,139 is the price recorded for its closure. A short position is designed to benefit from a decline in BTC, and liquidation means the position was forcibly closed. The figures describe separate details of the same event, rather than two separate trades. Perpetual futures are contracts without a fixed expiration date. A short liquidation closes a position held for the downward side of the market.

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