#Binance liquidates over $200 million#
Hot Topic Overview
Overview
Binance platform has experienced a large-scale liquidation event recently. 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, 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 liquidation event mainly concentrated on BTC contracts, with $52.62 million in BTC liquidated in the past 24 hours, accounting for 24.06% of the total liquidation amount, while $6.68 million in BTC liquidated in the past hour, accounting for 46.08% of the total liquidation amount.
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. In the past hour alone, the total margin call amount across the entire network reached $14.5 million, with short positions accounting for $13.39 million. This margin call event was mainly concentrated on BTC contracts, with BTC margin call amounts accounting for 24.06% and 46.08% respectively. This indicates that the margin call event was mainly caused by the forced liquidation of short positions, and the rapid rise in BTC prices was the main reason for the short positions being liquidated. This event also reflects the high volatility of the current cryptocurrency market. Investors need to be cautious in their operations, avoid excessive leverage trading, and prevent risks.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Binance recently experienced a large-scale liquidation, with a total amount exceeding $200 million.
The liquidation was mainly concentrated on short positions, indicating a strong bearish sentiment towards BTC price.
BTC price has recently risen, leading to short position liquidation, but the rise was limited and did not trigger large-scale long position liquidation.
Liquidation data is for reference only and does not represent the future trend of the market.