#Binance liquidates over $200 million#
Hot Topic Overview
Overview
Recently, Binance platform has experienced a large-scale liquidation event. In the past 24 hours, the total liquidation amount across the entire network reached $218 million, with $142 million of short positions liquidated, accounting for 65% of the total liquidation amount. In the past hour, the total liquidation amount across the entire network reached $14.5 million, with $13.39 million of short positions liquidated, accounting for 92% of the total liquidation amount. This indicates that the bearish force in the market is relatively strong recently, and the volatility of Bitcoin price has also increased the risk of liquidation.
Ace Hot Topic Analysis
Analysis
Recently, a large-scale margin call event on the Binance platform has attracted market attention. According to data, the total margin call amount across the entire network in the past 24 hours reached $218 million, with short positions accounting for a higher proportion, reaching $142 million. In the past hour, the total margin call amount across the entire network also reached $14.5 million, with short positions accounting for $13.39 million. This indicates that market sentiment has been bullish recently, with a large number of short sellers being "slaughtered" by the market trend, leading to frequent margin call events. It is worth noting that although BTC has only risen by 1.16% in the past 24 hours, its margin call amount accounted for 24.06% of the total margin call amount, indicating that BTC remains highly volatile, and investors need to operate cautiously.
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 in short positions, indicating a strong bearish sentiment towards BTC prices.
BTC prices have recently risen, leading to short liquidations, but the gains have been limited and have not completely reversed the bearish sentiment in the market.
Liquidation data is for reference only and does not represent the future direction of the market. Investors should exercise caution.