Binance Liquidates $11.44 Million Bitcoin Short at $79,998 as Upward Pressure Mounts

Bitcoin continues to trigger large-scale short liquidations on Binance as aggressive buying pressure nears the $80,000 mark. A massive solitary short position worth $11.44 million was forcefully closed at $79,998 on Binance's perpetual futures market at 15:04 UTC on November 4. This follows an earlier single short liquidation of $2.02 million executed at $77,150 at 04:48 UTC the same day, reflecting strong upward momentum forcing short sellers into mandatory buybacks.