Binance Liquidates $2.91 Million Ether Long Position as Volatility Persists

Binance forcibly liquidated a $2.91 million Ether long position at $2,679 on September 29, continuing a string of large-scale liquidations amid persistent market pressure. The forced sale followed two major liquidations on September 28, when an $11.82 million position was liquidated at $2,657 and a subsequent $2.68 million long was liquidated at $2,683 after Ether slipped below the $2,700 level to $2,696. The automated closures occurred on Binance's perpetual futures market as traders failed to meet maintenance margin thresholds.