#Binance liquidates over $200 million#

Recently, Binance platform experienced a large-scale liquidation event. Data shows that 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, mainly short positions, with $6.68 million in BTC liquidation, accounting for 46.08% of the total liquidation amount. This indicates that there is a divergence in market sentiment towards BTC price movement, with short positions being stronger, leading to a large number of short positions being liquidated. It is worth noting that liquidation events are not isolated incidents, but rather a reflection of increased market volatility. Investors need to be cautious in their operations, control risks, and avoid blindly chasing rallies and selling on dips.