Binance Records $7.43 Million Ether Short Liquidation at $2,492

Binance's Ether (ETH) perpetual futures market recorded a $7.43 million short liquidation at $2,492 at 7:13 a.m. ET (11:13 UTC) on Oct. 16. The amount reflects one short position liquidated, and $2,492 is the price listed for the forced close. The record captures one event on Binance, rather than an aggregate of liquidations across the crypto market. It identifies the contract as Ether and the position as a short, with the reported amount and liquidation price attached to the event. Enna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.

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