#Binance liquidations exceed $10 million#

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Overview

Binance platform has recently experienced a large-scale liquidation event. In the past 24 hours, the total liquidation amount across all contracts reached $125 million, with $79.44 million in long positions liquidated. BTC liquidation amounted to $13.11 million, accounting for 10.44% of the total liquidation amount. Additionally, in the past hour, the total liquidation amount across all contracts reached $11.42 million, with $9.25 million in long positions liquidated. ETH liquidation amounted to $3.7 million, accounting for 32.42% of the total liquidation amount. This liquidation event primarily concentrated on long positions, indicating a bearish market sentiment. Investors should exercise caution in their operations.

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Analysis

Recently, Binance platform has experienced a large-scale liquidation event, attracting market attention. According to data, the total liquidation amount across all contracts in the past 24 hours reached $125 million, with long positions accounting for $79.44 million, exceeding 60%. Among them, Bitcoin liquidation amounted to $13.11 million, accounting for 10.44% of the total liquidation amount. In addition, the total liquidation amount across all contracts in the past hour also reached $11.42 million, with long positions accounting for $9.25 million, exceeding 80%, among which Ethereum liquidation amounted to $3.7 million, accounting for 32.42% of the total liquidation amount. This indicates that the market has been volatile recently, and long positions face significant risks. Investors need to operate cautiously, control their positions, and avoid excessive leverage.

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Binance recently experienced a large-scale liquidation event, with a total amount exceeding $125 million.

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Liquidations were mainly concentrated on long positions, with BTC liquidations exceeding $13.11 million and ETH liquidations exceeding $3.7 million.

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Binance BTC price has slightly declined in the past 24 hours, while ETH price has dropped by 0.46%.

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Liquidation data is for reference only and does not represent market trends or investment advice.

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