At 5:55 a.m. on November 9 (UTC+8), a single long position worth about $48.16 million was liquidated on Binance’s ETH/USDT perpetual futures market. TokenPost directly verified Binance’s public liquidation data: the trigger price was about $2,096; another record put the liquidation price near $2,095.5. Nearly $50 million wiped out in one hit, in the minutes of a sharp early-morning drop.
Long positions were wiped out en masse during the same window. As of 6:21 a.m. that day, CoinGlass reported about $745 million in liquidations across the futures market over the past hour, including about $715 million in longs—roughly 96%—and just $29.62 million in shorts. Over the past 24 hours, about 137,000 traders had been liquidated, with ETH and BTC liquidations totaling about $343 million and $229 million, respectively. The largest single liquidation was this one on Binance ETH/USDT. Odaily’s 8:36 a.m. roundup reported about $803 million in marketwide liquidations over the past four hours, including about $744 million in longs, with ETH at about $358 million and BTC at about $233 million.
Market-wise, Bitcoin’s 24-hour low was around $73,510, while Ethereum’s was around $2,060. As of around 8:53 a.m. on November 9, Bitcoin was trading at about $75,200 on Binance spot, down roughly 0.7% over 24 hours; Ethereum was around $2,144, down roughly 4.1%. Earlier that morning, at around 5:51 a.m., Machi Big Brother’s roughly 540-ETH long position on Hyperliquid was also liquidated, with a notional value of about $1.18 million and a loss of around $60,000, wiping out the account—just a small ripple beside that Binance wipeout.