From TokenPost · · 30s
Binance Liquidates $11.96m Bitcoin Short
Binance liquidates $11.96m Bitcoin short at $83,276.
In brief
Binance liquidates $11.96m Bitcoin short at $83,276. Binance liquidated a $11.96 million Bitcoin short position at $83,276 on Oct. 20. Originally reported by TokenPost.
Quick answers
- What is a Short Position?
- A short position gains value when an asset's price falls, and liquidation forces a position to close.
- What is the key takeaway from Binance Liquidates $11.96m Bitcoin Short?
- Binance liquidated a $11.96 million Bitcoin short position at $83,276 on Oct. 20.
Binance Liquidation Event
Binance liquidated a $11.96 million short position in Bitcoin at $83,276 on Oct. 20.
What is a Short Position?
A short position gains value when an asset's price falls, and liquidation forces a position to close.
Market Context
This single position was recorded on Binance's BTC perpetual futures market, not a combined total for other markets.
The takeaway
Binance liquidated a $11.96 million Bitcoin short position at $83,276 on Oct. 20.
