#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 long positions accounting for the majority. BTC liquidation amounted to $13.11 million, representing 10.44% of the total. In the past hour alone, the total liquidation amount across all contracts reached $11.42 million, with long positions accounting for $9.25 million. ETH liquidation amounted to $3.7 million, representing 32.42% of the total.
Ace Hot Topic Analysis
Analysis
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 this, $79.44 million was liquidated from long positions, making it the dominant factor in the liquidation. Specifically, Bitcoin saw $13.11 million in liquidations, accounting for 10.44%, while Ethereum saw $3.7 million, accounting for 32.42%. This indicates that a significant number of investors were bullish and opened long positions, but due to a market reversal, they were forced to liquidate their positions, resulting in substantial losses. This event also reflects the current cautious market sentiment, and investors need to closely monitor market changes, operate cautiously, avoid excessive leverage, and control risks.
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 that market sentiment was bullish, but price fluctuations were large.
BTC and ETH were the main cryptocurrencies liquidated, with $13.11 million and $3.7 million liquidated respectively.
The liquidation events remind investors to pay attention to risk control and avoid excessive leverage operations.