#Binance liquidations exceed $10 million#
Hot Topic Overview
Overview
Binance platform has recently experienced a large-scale liquidation event, with a total of $125 million in liquidated contracts across the entire network in the past 24 hours, of which $79.44 million were long positions. BTC liquidation amounted to $13.11 million, accounting for 10.44%. In the past hour, the total liquidated contracts across the entire network reached $11.42 million, with $9.25 million in long positions and $3.7 million in ETH liquidation, accounting for 32.42%. This liquidation event mainly concentrated on long positions, indicating a bearish market sentiment. Investors should exercise caution in their operations.
Ace Hot Topic Analysis
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. Specifically, Bitcoin liquidation amounted to $13.11 million, representing 10.44% of the total liquidation amount. Additionally, the total liquidation amount across all contracts in the past hour reached $11.42 million, with long positions accounting for $9.25 million, including $3.7 million in Ethereum liquidation, representing 32.42% of the total liquidation amount. This liquidation event primarily concentrated on long positions, indicating a bullish market sentiment. However, due to recent market volatility, some investors were trapped after chasing gains at high levels, ultimately leading to liquidation.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Binance platform has recently experienced a large number of liquidation events, with a total amount exceeding $100 million.
Liquidation events are mainly concentrated on long positions, indicating that market sentiment is bullish, but price fluctuations have forced longs to close their positions.
BTC and ETH are the main cryptocurrencies for liquidation, accounting for 10.44% and 32.42% of the total liquidation amount, respectively.
Liquidation events remind investors to pay attention to market risks, operate cautiously, and avoid excessive leverage.