#Binance liquidates over $200 million#

Recently, a large-scale margin call event on the Binance platform has attracted market attention. Data shows that in the past 24 hours, the total margin call amount across the entire network reached $218 million, with the majority of the margin calls being short positions, reaching $142 million. 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. This indicates that there is a divergence in market sentiment regarding the price trend of BTC, with short-selling forces being relatively strong, leading to a large number of short positions being liquidated. It is worth noting that while BTC prices have risen by 1.16% in the past 24 hours, they have experienced a slight decline in the past hour, which may be related to some short-sellers covering their positions to stop losses. Overall, the Binance margin call event reflects the volatility of market sentiment towards the price trend of BTC, and investors need to operate cautiously and control risks.