A large $11.82 million long position on Ether (ETH) was liquidated on Binance's perpetual futures market on September 28, with the liquidation price at $2,657. This means the trader bet on ETH rising but the market moved against them, causing the exchange to close the position due to insufficient collateral. Such liquidations highlight volatility and risk in leveraged crypto trading, signaling caution for investors. The event reflects ongoing price pressures on ETH and could influence future market sentiment.
The Binance liquidation of an $11.82 million Ether long position at $2,657 provides context for crypto market volatility. For readers following cryptocurrency, here is Pluang's market snapshot as of Sep 28, 2026 21:27 WIB: out of 50 major cryptocurrencies, 10 rose and 39 fell today. Among notable movers, GRT gained 11.91% to Rp562 with 87% sell orders, BAL rose 11.14% to Rp16.297, and COTI dropped 12.11% to Rp233 with a majority 63% buy order activity.
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