#Binance liquidates over $200 million#

Recently, there has been a large-scale margin call event on the Binance platform. Data shows that in the past 24 hours, the total margin call amount across the entire network reached $218 million, with short positions accounting for $142 million, or 65% of the total margin call amount. In the past hour alone, the total margin call amount across the entire network reached $14.5 million, with short positions accounting for $13.39 million, or 92% of the total margin call amount. This indicates that the margin call event was primarily driven by short sellers, whose positions were forcibly liquidated as the price of Bitcoin rose, resulting in huge losses. This margin call event also reflects the divergence in market expectations for the future price trend of Bitcoin. Short sellers believe that the price of Bitcoin will fall, while long holders believe that the price of Bitcoin will continue to rise. The final result shows that the long holders won, while the short sellers suffered heavy losses.