A short position worth $2.53 million on Ethereum (ETH) was liquidated in a single transaction on OKX's ETH perpetual futures market at a price of $2,528 on October 11. This forced closure happened because the position was betting on a decline in Ether's price, but the market moved against it. The liquidation data was publicly identified by TokenPost from OKX's records. This event highlights the risks of leveraged trading in volatile crypto markets.
The story on a $2.53 million single short liquidation in Ether provides context for cryptocurrency market activity. For readers following crypto markets, here is Pluang's snapshot as of Oct 11, 2026 22:31 WIB: out of 50 major cryptocurrencies, 21 rose and 28 fell today. Among notable movers, THETA dropped 2.49% to Rp4.030 with 100% buy order activity, ENJ fell 2.34% to Rp559 with 89% buy orders, and MANA declined 2.32% to Rp1.682 with 67% buy orders.
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Ether (ETH), the second-largest cryptocurrency by market capitalization, saw its price increase to $2,553 on Binance spot trading as of 12:53 p.m. ET on October 11. This marks a 1.02% rise from one hour earlier when the price was $2,544. The price mo...
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