#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 all exchanges in the past 24 hours reached $218 million, with $142 million in short positions liquidated, accounting for 65% of the total margin call amount. In the past hour, the total margin call amount across all exchanges reached $14.5 million, with $13.39 million in short positions liquidated, accounting for 92% of the total margin call amount. This indicates that the market has been volatile recently, with short positions being severely hit, leading to a large number of margin calls.
Ace Hot Topic Analysis
Analysis
Recently, a large-scale margin call event occurred on the Binance platform, with a total amount exceeding $200 million. According to data, 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 also reached $14.5 million, of which $13.39 million was from short positions, accounting for 92% of the total margin call amount. This indicates that the margin call event was mainly driven by short sellers, with a large number of short positions being forcibly liquidated, resulting in huge losses. Analysts believe that the margin call event may be due to differences in market expectations for the recent price trend of Bitcoin. Some investors believe that the price of Bitcoin will continue to rise, while others believe that the price of Bitcoin will pull back. When the market experiences significant fluctuations, the risks of leveraged trading are amplified, leading to a large number of investors being margin called.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Binance BTC contract liquidation amount is huge, the liquidation amount in the past 24 hours reached 218 million US dollars, and the liquidation amount in the past 1 hour also reached 14.5 million US dollars.
This liquidation event was mainly caused by short position liquidation, and the proportion of short position liquidation amount in the total liquidation amount is relatively high.
BTC price has risen in the past 24 hours, which may be the main reason for the short position liquidation.
Liquidation data is for reference only and does not represent market trends or investment advice.