#Binance liquidates over $200 million#

A massive margin call event occurred recently on the Binance platform. Data shows that the total margin call amount across the entire network reached $218 million in the past 24 hours, with $142 million of that coming from short positions, accounting for 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 $13.39 million coming from short positions, accounting for a whopping 92%. 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 significant losses. While the specific reason for this event remains unclear, it reflects the divergence in market sentiment towards the price trend of Bitcoin. Some investors hold a pessimistic view on the future price trend, while the volatility of Bitcoin prices has also amplified market risks.