#Binance liquidates over $200 million#

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Binance platform has recently experienced a large-scale liquidation event. In the past 24 hours, the total liquidation amount across all contracts reached $218 million, with $142 million in short positions liquidated, accounting for 65% of the total liquidation amount. In the past hour alone, 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 the liquidation event was primarily driven by short sellers and occurred in a concentrated manner over a short period of time, reflecting significant market divergence on the recent price trend of Bitcoin. The heavy short positions ultimately led to large-scale liquidations.

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Binance platform has recently experienced a large-scale liquidation event. Data shows that the total contract liquidation amount across the entire network reached $218 million in the past 24 hours, with short positions accounting for $142 million, representing 65% of the total liquidation amount. In the past hour alone, the total contract liquidation amount across the entire network reached $14.5 million, with short positions accounting for $13.39 million, representing 92% of the total liquidation amount. This indicates that the liquidation event was primarily driven by short sellers, with a large number of short positions being forcibly liquidated, resulting in significant losses. Analysts point out that the liquidation event may be due to inconsistent market expectations regarding the recent price trend of Bitcoin. Some investors believe that Bitcoin prices will continue to decline, while others believe that Bitcoin prices will continue to rise, leading to intense competition between short sellers and long buyers, ultimately resulting in a large-scale liquidation of short positions.

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Binance BTC contract liquidation amount is huge, with over $218 million liquidated in the past 24 hours and over $14.5 million liquidated in the past hour.

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This liquidation event mainly concentrated on short positions, indicating that there is a divergence in market sentiment towards BTC price movement. Some investors believe that BTC price will fall, while the actual situation is that BTC price is rising.

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BTC price has risen by 1.16% in the past 24 hours, which may have led to the liquidation of short positions.

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Liquidation data is for reference only and does not represent the overall market trend. Investors should operate cautiously.

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