#Binance liquidations exceed $10 million#
Hot Topic Overview
Overview
Binance platform has recently experienced a large-scale liquidation event. The total liquidation amount across all contracts in the past 24 hours reached $125 million, with $79.44 million in long positions liquidated. Bitcoin liquidation amounted to $13.11 million, accounting for 10.44% of the total liquidation amount. Additionally, the total liquidation amount across all contracts in the past hour also reached $11.42 million, with $9.25 million in long positions liquidated. Ethereum liquidation amounted to $3.7 million, accounting for 32.42% of the total liquidation amount.
Ace Hot Topic Analysis
Analysis
There has been a large-scale margin call event on the Binance platform recently. Data shows that the total margin call amount across the entire network reached $125 million in the past 24 hours, with $79.44 million in long positions, accounting for 63.55% of the total margin call amount. Among them, the margin call amount for Bitcoin was $13.11 million, accounting for 10.44% of the total margin call amount. In addition, the total margin call amount across the entire network in the past hour also reached $11.42 million, with $9.25 million in long positions, accounting for 81.04% of the total margin call amount, of which the margin call amount for Ethereum was $3.7 million, accounting for 32.42% of the total margin call amount. This margin call event mainly concentrated on long positions, indicating that market sentiment is bearish and investors are cautious about the market outlook.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Binance recently experienced a large-scale liquidation event, with a total amount exceeding $125 million.
The liquidation events were mainly concentrated on long positions, indicating a bullish market sentiment, but price fluctuations forced longs to close their positions.
BTC and ETH were the main cryptocurrencies liquidated, with $13.11 million and $3.7 million liquidated respectively.
The liquidation events remind investors to be aware of market risks, operate cautiously, and avoid excessive leverage.