#Binance liquidates over $200 million#
Hot Topic Overview
Overview
Recently, there has been a large-scale margin call event on the Binance platform. According to statistics, the total margin call amount across the entire network reached $218 million in the past 24 hours, of which $142 million was from short positions, accounting for 65% of the total margin call amount. In the past hour, the total margin call amount across the entire network reached $14.5 million, with $13.39 million from short positions, accounting for 92% of the total margin call amount. This indicates that the bearish force in the market has been relatively strong recently, and the volatility of Bitcoin prices has also led to a large number of short positions being forcibly liquidated.
Ace Hot Topic Analysis
Analysis
Recently, Binance platform has experienced a large-scale liquidation event, attracting market attention. According to data, the total liquidation amount across all contracts in the past 24 hours reached $218 million, with $142 million in short positions liquidated, accounting for 65% of the total liquidation amount. 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 92% of the total liquidation amount. This indicates that market sentiment has been bullish recently, and short sellers have suffered significant losses. It is worth noting that although BTC has only risen by 1.16% in the past 24 hours, its liquidation amount only accounts for 24.06% of the total liquidation amount, indicating that liquidations of other cryptocurrencies also account for a significant proportion. Overall, this liquidation event reflects the market's optimistic expectations for recent market trends, but it also reminds investors to operate cautiously, control risks, and avoid excessive chasing of rallies and selling on dips.
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 event mainly concentrated on short positions, indicating a divergence in market sentiment towards BTC price movements. Some investors were bearish on BTC, but the price ultimately rose, leading to the liquidation of short positions.
The liquidation event mainly occurred on the Binance platform, indicating that Binance has a large trading volume, and market fluctuations have a greater impact on the platform.
The liquidation event reminds investors to operate cautiously, control risks, and avoid excessive leverage trading.