#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. Data shows that 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 there is a divergence in market sentiment towards the price trend of BTC recently, with short-selling forces being relatively strong, leading to a large number of short positions being liquidated.
Ace Hot Topic Analysis
Analysis
Binance platform has recently experienced a large-scale liquidation event. Data shows that in the past 24 hours, the total liquidation amount across all contracts reached $218 million, with $142 million in short positions liquidated, accounting for over 65%. In the past hour, the total liquidation amount across all contracts reached $14.5 million, with $13.39 million in short positions liquidated, accounting for over 92%. This indicates that the bearish force in the market is currently strong, while the bulls have suffered significant losses. It is worth noting that while BTC has risen by 1.16% in the past 24 hours, it has experienced a slight decline in the past hour, which may be related to the strong bearish force. Overall, the liquidation event on the Binance platform reflects the volatility of market sentiment, and investors need to operate cautiously and control risks.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Binance recently experienced a large-scale liquidation event, with a total amount exceeding $200 million.
The liquidation events were mainly concentrated on short positions, indicating a strong bearish sentiment towards BTC price in the market.
BTC price rose after the liquidation events occurred, which may be related to the increased buying power caused by the liquidation of short positions.
The liquidation events remind investors to pay attention to risk control and avoid excessive leverage operations.