Binance Records Single $3.42 Million Bitcoin Long Liquidation

A $3.42 million Bitcoin (BTC) long position was liquidated in Binance's BTC perpetual futures market at 9:33 p.m. ET Nov. 12 (02:33 UTC Nov. 13), in a single recorded event.

The liquidation price was $70,316. The entry identifies the position as long and the venue as Binance BTC perpetual futures. It was timestamped at 9:33 p.m. ET on Nov. 12, equivalent to 02:33 UTC on Nov. 13. The $3.42 million figure is the amount attached to the position; $70,316 is the price recorded for its liquidation.

The record concerns one liquidation event, with Bitcoin as the asset and a long position as its direction. The amount and price are separate measurements of that event. Binance's perpetual futures market is the contract venue named in the record. Together, the entry specifies the position, market, price and time for this single BTC liquidation.