Key Takeaways
- • A single Bitcoin long position worth $8.78 million was liquidated on Binance's perpetual futures market at a price of $76,600, according to Pluang.
- • The liquidation involved one BTC perpetual futures contract only, not total market liquidations or spot trades.
- • Pluang's market snapshot as of Nov 3, 2026 11:21 WIB showed 5 of 50 major cryptocurrencies rising and 44 falling.
- • Notable decliners included ONE (-5.93%), ZIL (-5.81%) and COTI (-5.51%), with sell orders dominating.
- • The event underscores leverage risk in volatile crypto markets, with large liquidations capable of affecting sentiment and prices.
Summary
A single Bitcoin long position valued at $8.78 million was liquidated on Binance's perpetual futures market at $76,600, according to Pluang. The report specifies that the event concerned the closure of one BTC perpetual futures contract and does not represent aggregate liquidations or spot market activity. Such forced closures illustrate the risks associated with leveraged positions in volatile crypto markets, and large liquidations can influence market sentiment and short-term price movements.
Pluang's market snapshot as of November 3, 2026 at 11:21 WIB showed broad weakness across its coverage. Of 50 major cryptocurrencies priced on the platform, 5 rose and 44 fell. ONE traded at Rp20, down 5.93%, with 95% of orders on the sell side. ZIL, at Rp32, fell 5.81% with 63% sell orders, while COTI, at Rp178, declined 5.51% with 57% sell orders.
The liquidation coincides with a broader period of pressure in bitcoin markets. Related coverage in the same feed reported that bitcoin briefly fell below its 100-day moving average for the first time since mid-August, trading near $76,887 on November 3, 2026, amid US election uncertainty and testing support around $76,500. Separately, U.S. spot bitcoin ETFs recorded net outflows of $398.62 million on November 2, 2026, led by BlackRock's IBIT, marking a second consecutive day of withdrawals, though the pace of outflows narrowed by about 38% in the latest session.
Pluang's market snapshot as of November 3, 2026 at 11:21 WIB showed broad weakness across its coverage. Of 50 major cryptocurrencies priced on the platform, 5 rose and 44 fell. ONE traded at Rp20, down 5.93%, with 95% of orders on the sell side. ZIL, at Rp32, fell 5.81% with 63% sell orders, while COTI, at Rp178, declined 5.51% with 57% sell orders.
The liquidation coincides with a broader period of pressure in bitcoin markets. Related coverage in the same feed reported that bitcoin briefly fell below its 100-day moving average for the first time since mid-August, trading near $76,887 on November 3, 2026, amid US election uncertainty and testing support around $76,500. Separately, U.S. spot bitcoin ETFs recorded net outflows of $398.62 million on November 2, 2026, led by BlackRock's IBIT, marking a second consecutive day of withdrawals, though the pace of outflows narrowed by about 38% in the latest session.
Go deeper than the headline
Research every firm in this story, track the ones that matter and get the daily briefing — free for 7 days.