A Binance Bitcoin (BTC) short valued at $2.24 million was liquidated at a listed price of $74,798 during trading Tuesday, Nov. 10. The transaction was one perpetual-futures position, rather than a combined Bitcoin liquidation total.
The record placed the event at 10:02 a.m. ET (15:02 UTC). The $74,798 figure is the position’s liquidation price, distinct from its $2.24 million valuation. A trader taking a short seeks gains from a lower Bitcoin price, and the liquidation ended the open contract.
EconoTimes has previously covered a separate Binance short valued at $2.02 million with a listed price of $77,150. That earlier Binance Bitcoin short was also one position. EconoTimes also reported a Binance liquidation on Oct. 16, when a short position was valued at $6.16 million and had a listed liquidation price of $82,845. That Oct. 16 entry was a separate event, not a marketwide total.
