Binance liquidates $12M Bitcoin short position in single order
A significant liquidation event occurred on Binance, where a trader lost nearly $12 million on a Bitcoin short position. This liquidation was part of a larger trend, with approximately $268 million in total liquidations across the crypto futures market. The event highlights the risks associated with highly leveraged trading in volatile markets.
- ▪A single order on Binance liquidated a $12 million Bitcoin short position.
- ▪Approximately $268 million in total liquidations occurred across the crypto futures market within 24 hours.
- ▪Over 96,876 traders had their positions forcibly closed due to margin requirements.
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Binance liquidates $12M Bitcoin short position in single order A whale betting against Bitcoin learned an expensive lesson as nearly $268M in positions were wiped out across crypto futures markets. Share Add us on Google by Editorial Team May. 29, 2026 window.sevioads = window.sevioads || []; var sevioads_preferences = []; sevioads_preferences[0] = {}; sevioads_preferences[0].zone = "01f21ccf-2092-46b1-9ac7-8c44cc782e0f"; sevioads_preferences[0].adType = "native"; sevioads_preferences[0].inventoryId = "c5700508-581b-472c-8fdd-a931cdbfc8e1"; sevioads_preferences[0].accountId = "1e47efc1-ec2d-4fca-a8b9-354e249e5095"; sevioads.push(sevioads_preferences); Someone just lost almost $12 million betting that Bitcoin would go down. It took one order to make it happen.
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