A $5.95 million long position on Ether (ETH) was liquidated on Binance when the price hit $2,471 on October 12. This liquidation occurred because the margin supporting the trade was insufficient to maintain the position, forcing its closure. Such liquidations reflect significant market moves and can impact price volatility. The event was recorded at 6:59 p.m. ET (22:59 UTC) and 7:59 a.m. KST on October 13.
The recent liquidation of a $5.95 million Ether long position on Binance provides context for cryptocurrency market activity. For readers following crypto assets, here is Pluang's market snapshot as of Oct 13, 2026 06:21 WIB: out of 50 major cryptocurrencies, only 4 rose while 45 fell. Among notable movers, SAND dropped 9.43% to Rp1.070 with a typical hold time of 123 days, UNI fell 8.73% to Rp126.883 with a 65-day hold, and NEO declined 8.50% to Rp43.620 with a 96-day hold period.
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