A $2.03 million short position in Ether (ETH) perpetual futures was liquidated on Binance at 12:30 a.m. ET on October 2, when the price hit $2,747. Short positions profit when prices fall, but liquidation occurs when margin requirements are not met, forcing the position to close. This event highlights the volatility and risk in crypto futures trading, especially for large leveraged positions. Traders should be cautious of sudden price moves that can trigger liquidations.
The liquidation of a $2.03 million Ether short position on Binance provides context for crypto market activity. For readers following cryptocurrency trends, here is Pluang's market snapshot as of Oct 02, 2026 11:31 WIB: out of 50 major cryptocurrencies priced on Pluang, 23 rose and 26 fell today. Notable moves include SOL at Rp2.188.589 (+3.14%, 54% Sell / 46% Buy), UNI at Rp164.544 (+3.04%, 93% Sell / 7% Buy), and SUSHI at Rp4.726 (-2.95%, 70% Sell / 30% Buy).
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