Binance Liquidates $5.64 Million Ether Long Position at $2,387

Cryptocurrency exchange Binance forcibly liquidated a $5.64 million Ether perpetual futures long position on November 5 at 7:41 a.m. ET after the token's price slipped to $2,387. The event highlights ongoing downside pressure and leverage risks in digital asset derivatives. It followed a separate large-scale liquidation on November 4, when a single $4.27 million Ether short position was closed at $2,357 amid rising price volatility.