A Binance entry lists the forced liquidation of a $10.94 million Ether (ETH) perpetual-futures long on Nov. 5, a record of derivatives activity on the exchange.
The entry timestamps the liquidation at 10:52 a.m. ET (15:52 UTC) and gives a liquidation price of $2,244. The $10.94 million amount refers to the position’s value, not a stated trading loss. Perpetual futures are derivatives contracts, so this was not a spot Ether sale.
A separate Binance entry for Nov. 5 listed another Ether long valued at $5.64 million, with a liquidation price of $2,387. The records concern distinct positions, and their values are not a combined total. EconoTimes previously covered that separate Binance position.
