Binance Liquidates $4.52 Million Ether Short as Price Advances to $2,778

A single Ether short position worth $4.52 million was forcefully liquidated on Binance perpetual futures at $2,778 on October 2, marking a series of multi-million-dollar short liquidations amid rising prices. The forced closure follows a $2.08 million short liquidation executed at $2,704 on October 1 and a $2.03 million short liquidation at $2,747 earlier on October 2. The cascading liquidations reflect elevated volatility and persistent pressure on leveraged short sellers as automatic buyback orders trigger across digital asset derivative markets.