Binance Liquidates Single $11.67 Million Bitcoin Long Position at $80,642

Binance's perpetual futures market liquidated a single Bitcoin long position worth $11.67 million at a price of $80,642 on October 18 at 4:16 p.m. ET. The forced closure highlighted mounting downside volatility and leverage unwinding across cryptocurrency derivatives. The liquidation followed an earlier event on October 16, when a single $6.16 million Bitcoin short position was liquidated on the same platform at $82,845 amid aggressive upward momentum.