Key Takeaways
- • A single $2.2 million Bitcoin long position was liquidated on Binance's BTC perpetual futures market on November 5 at a price of $79,733, according to Pluang.
- • The liquidation was recorded at 7:39 a.m. ET and represents one isolated event on Binance, not a combined total across multiple exchanges.
- • The event underscores leverage risk for traders holding large long Bitcoin futures positions during periods of crypto market volatility.
- • Pluang quoted Bitcoin at Rp1.368.632.572, down 1.12% over the prior day, with order flow split 53% buy and 47% sell as of November 7, 2026 at 01:22 WIB.
Summary
On November 5, a single Bitcoin long position worth $2.2 million was liquidated on Binance's perpetual futures market at a price of $79,733, according to Pluang. The forced closure was recorded at 7:39 a.m. ET. The report describes it as one isolated liquidation in Binance's BTC perpetual futures rather than an aggregate figure drawn from several exchanges.
The liquidation illustrates the risks of leveraged trading in volatile crypto markets. When a leveraged long position is forced closed, the exchange closes the trade to prevent losses exceeding posted collateral, and the event can signal caution for traders holding large long Bitcoin futures exposure.
Pluang's market data showed Bitcoin trading at Rp1.368.632.572, down 1.12% over the past day. Order flow was balanced, with 53% of orders buying and 47% selling as of November 7, 2026 at 01:22 WIB. The platform's snapshot provides a broad indication of short-term sentiment rather than a detailed derivatives positioning picture.
The liquidation illustrates the risks of leveraged trading in volatile crypto markets. When a leveraged long position is forced closed, the exchange closes the trade to prevent losses exceeding posted collateral, and the event can signal caution for traders holding large long Bitcoin futures exposure.
Pluang's market data showed Bitcoin trading at Rp1.368.632.572, down 1.12% over the past day. Order flow was balanced, with 53% of orders buying and 47% selling as of November 7, 2026 at 01:22 WIB. The platform's snapshot provides a broad indication of short-term sentiment rather than a detailed derivatives positioning picture.
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