#Binance liquidations exceed $10 million#

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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 the majority being long positions. Bitcoin liquidation amounted to $13.11 million, accounting for 10.44% of the total liquidation amount. In the past hour, the total liquidation amount across all contracts also reached $11.42 million, with Ethereum liquidation amounting to $3.7 million, accounting for 32.42% of the total liquidation amount. This indicates significant market volatility, and investors need to operate cautiously and control risks.

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Analysis

Recently, Binance platform has experienced a large-scale liquidation event, attracting market attention. Data shows that the total liquidation amount across all contracts in the past 24 hours reached $125 million, with $79.44 million in long positions liquidated, accounting for the majority. Among them, Bitcoin liquidation amounted to $13.11 million, accounting for 10.44%. In addition, the total liquidation amount across all contracts in the past hour also reached $11.42 million, with $9.25 million in long positions liquidated, and Ethereum liquidation amounted to $3.7 million, accounting for 32.42%. This indicates that the market has been experiencing significant volatility recently, and investors need to be cautious in their operations and control risks.

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Binance recently experienced a large number of liquidation events, with a total amount exceeding $100 million.

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Liquidation events are mainly concentrated on long positions, indicating that market sentiment is bullish, but market volatility is high and risks are high.

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BTC and ETH are the main currencies for liquidation, with $13.11 million and $3.7 million liquidated respectively.

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Liquidation events remind investors to pay attention to market risks, operate cautiously, control positions, and avoid excessive leverage.

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