A $3.4 million short position in Ether (ETH) was liquidated on Binance perpetual futures at 4:57 a.m. ET on October 4, with the liquidation price recorded at $2,703. This event reflects a single liquidation captured in Binance’s public data, involving a short position that profits when the asset's price drops. The cause of the liquidation was not disclosed. Liquidations occur when leveraged positions fail to meet exchange requirements and are forcibly closed, impacting traders and market dynamics.
The Binance liquidation of a $3.4 million Ether short is notable market news. For readers following cryptocurrency broadly, here is Pluang's market snapshot as of Oct 04, 2026 14:41 WIB: out of 50 major cryptocurrencies priced on Pluang, 42 rose and 6 fell today. Among movers, AXS rose 12.82% to Rp25.475, BAL increased 11.14% to Rp16.297, and ONE gained 10.70% to Rp44.
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XRP traded close to its major resistance level at $1.55 on October 4, with a close above this level needed to confirm a bullish breakout. This price movement coincides with Evernorth's planned Nasdaq listing under the ticker XRPN on October 8, follow...
