A public Binance liquidation record shows one Ether (ETH) perpetual futures long worth $11.83 million was closed, a derivatives trade rather than a spot-market transaction.
The record places the liquidation at 8:13 p.m. ET on Oct. 20 (00:13 UTC on Oct. 21) and lists $2,433 as the liquidation price for this position. It identifies the contract as part of Binance’s ETH perpetual futures market.
The record lists $11.83 million as the value of a single position and gives no loss figure or total for other Ether liquidations.
A long futures position moves with Ether’s price, gaining value as the asset rises and losing value as it falls. Liquidation ends a position that can no longer remain open, so the record concerns derivatives trading rather than a spot Ether sale.
EconoTimes previously reported a separate Binance Ether short liquidation valued at $11.81 million, with a listed price of $2,423. A short position seeks gains from a decline in Ether, giving it exposure opposite to the long in the latest record.
