Someone just had a very bad day. A single liquidation order on Binance’s BTCUSDT perpetual futures contract wiped out a short position worth approximately $11.98 million, making it the largest individual liquidation of its trading period.
The whale, whose identity remains unknown, had been betting that Bitcoin’s price would fall. An upward price movement triggered Binance’s automatic liquidation engine, which forcibly closed the position before losses could exceed the trader’s margin.
How a $12M bet goes wrong in seconds
The liquidation was tracked via CoinGlass, a platform that monitors real-time futures data across major exchanges. The event was also documented through Binance Square posts and market monitoring feeds, though no specific timestamp has been tied to the liquidation.
Bitcoin was trading in the $72,000 to $76,000 range during the period surrounding the liquidation.
