#Binance liquidates over $200 million#
Hot Topic Overview
Overview
There have been large-scale margin calls on the Binance platform recently, mainly concentrated in BTC contract trading. According to data, the total margin call amount across all exchanges in the past 24 hours reached $218 million, with $142 million in short positions being liquidated, accounting for 65% of the total margin call amount. In the past hour, the total margin call amount across all exchanges also reached $14.5 million, with $13.39 million in short positions being liquidated, accounting for 92% of the total margin call amount. This indicates that the market has been volatile recently, and short positions have suffered significant losses. Investors need to be cautious in their operations.
Ace Hot Topic Analysis
Analysis
Recently, there has been a large-scale liquidation event on the Binance platform. The total amount of liquidated contracts across the entire network in the past 24 hours reached $218 million, with short positions accounting for $142 million. This is mainly due to the recent sharp rise in Bitcoin prices, which has led to a large number of short sellers being forced to liquidate their positions. Specifically, in the past hour, the total amount of liquidated contracts across the entire network was $14.5 million, with short positions accounting for $13.39 million, indicating a dominant liquidation of short positions. In the past 24 hours, the amount of liquidated BTC contracts was $52.62 million, accounting for 24.06% of the total liquidated amount. This shows that Bitcoin prices have been highly volatile recently, and investors need to be cautious in their operations, avoid excessive leverage, and control risks.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Binance BTC contract trading saw a large number of liquidations, with a total amount exceeding $200 million.
Liquidations were mainly concentrated on short positions, indicating a divergence in market sentiment towards BTC price movements. Some investors were bearish on BTC, but the eventual price rise led to the liquidation of short positions.
BTC price rose 1.16% in the past 24 hours, which may be the main reason for the liquidation of short positions.
Liquidation data is for reference only and does not represent the overall market trend. Investors should trade cautiously.