#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. According to data, the total margin call amount across the entire network reached $218 million in the past 24 hours, 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 the entire network 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 are recent market divergences on the price trend of BTC, with short-selling forces being relatively strong, leading to a large number of short positions being liquidated.
Ace Hot Topic Analysis
Analysis
Recently, there has been a large-scale margin call event 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 short positions accounting for $142 million, or 65% of the total. In the past hour alone, the margin call amount reached $14.5 million, with short positions accounting for $13.39 million, or 92% of the total. This indicates that the margin call event was primarily driven by short sellers, whose positions were crushed by the strong bullish market. Analysts believe that the margin call event may be due to excessive market expectations for the recent rise in Bitcoin prices, leading to heavy short positions, which were eventually liquidated by the strong rebound of the bulls. It is worth noting that margin call events are just part of market fluctuations. Investors should rationally view market risks, manage risks well, and avoid blind operations.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Binance BTC contract liquidation amount is huge, with over $218 million liquidated in the past 24 hours.
Short positions have a higher liquidation rate, with over $142 million liquidated in the past 24 hours, accounting for over 65% of the total liquidation amount.
BTC price has been rising recently, leading to some short positions being liquidated.
Data is for reference only and does not constitute investment advice.