Binance Liquidates $2,890,000 Bitcoin Short Position at $74,704 Following Earlier Long Wipeout

A single Bitcoin short position valued at $2,890,000 was liquidated on Binance's perpetual futures platform at $74,704 on November 11 at 9:19 p.m. ET. The forced closure came amid upside price pressure and volatility across digital asset derivatives venues. The event followed an earlier large-scale liquidation on the exchange, where a single $3.61 million Bitcoin perpetual futures long position was wiped out at a price of $72,723 on November 10 at 11:37 a.m. ET.