Binance Records a Single $13.8 Million Bitcoin Long Liquidation

Bitcoin (BTC) traders saw a single $13.8 million long position liquidated on Binance’s BTC perpetual futures market at 10:23 p.m. ET Thursday, Nov. 12 (03:23 UTC Nov. 13), at a liquidation price of $68,986.

The event involved one $13.8 million long position on Binance’s BTC perpetual futures market. The liquidation price was $68,986. That amount describes this single liquidation, not a combined total for multiple BTC positions.

A long position is a trade set up to benefit from an increase in an asset’s price. A liquidation is a forced close of a trading position. In this case, the reported liquidation involved one BTC long position on Binance’s perpetual futures market, with the event marked at 10:23 p.m. ET Thursday, Nov. 12. That is 03:23 UTC on Nov. 13, and the recorded liquidation price was $68,986.

Enna Lee

Enna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to [email protected].