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Binance liquidates $11.85M Ether long position at $2,308 price on Oct 24

Technical Signals
24 Oct 2026
Tokenpost
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Bearish
Binance liquidates $11.85M Ether long position at $2,308 price on Oct 24

On October 24, Binance liquidated a single Ether (ETH) long futures position valued at $11.85 million at a liquidation price of $2,308. This liquidation was a forced closure of a futures trade betting on a rise in Ether's price. The event highlights the risks involved in leveraged trading on cryptocurrency futures markets. It specifically applies to Binance's ETH perpetual futures market and not spot or aggregated trades.

The Binance liquidation of an $11.85 million Ether long position provides context for cryptocurrency market activity. For readers following major cryptocurrencies on Pluang, here is the market snapshot as of Oct 25, 2026 01:41 WIB: out of 50 priced major cryptocurrencies, 4 rose and 45 fell. Notable movers include AAVE at Rp2.457.799 with a -7.86% change, ENJ at Rp449 down 7.53%, and ATOM at Rp29.523 down 7.36%.

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