Binance Logs $7.27 Million SOXS Short Liquidation in One Event

Binance’s SOXS perpetual futures market recorded a $7.27 million short liquidation at 5:31 p.m. ET (21:31 UTC) Oct. 17, with the position closed at a liquidation price of $53.24. The record identifies one event in the SOXS perpetual contract, rather than a combined figure for multiple closeouts. The liquidated short position was valued at $7.27 million, and the recorded liquidation price was $53.24. The record classifies this SOXS position as short and gives the amount, price and time for its closeout. Both figures describe the same event: $7.27 million is the value of the short position liquidated, while $53.24 is its liquidation price. The timestamp marks when the single closeout was recorded on Binance’s SOXS perpetual market. Enna Lee reports on investing and digital-asset markets for TokenPost.

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