#Binance liquidations exceed $10 million#
Hot Topic Overview
Overview
Binance 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 liquidations amounted to $13.11 million, accounting for 10.44%. Additionally, the total liquidated contracts across the entire network in the past hour reached $11.42 million, with $9.25 million in long positions and $3.7 million in ETH liquidations, accounting for 32.42%. This indicates significant market volatility, and investors should exercise caution and manage their risks.
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, or 63.55% of the total liquidation amount. 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, or 81.04% of the total liquidation amount, among which Ethereum liquidation amounted to $3.7 million, accounting for 32.42% of the total liquidation amount. This liquidation event mainly concentrated on long positions, indicating that market sentiment is biased towards bullishness, but due to the recent large market fluctuations, some investors have chased the rise at high levels, eventually being hurt by market sell-offs. This event also reminds investors to operate cautiously, control risks, and avoid excessive chasing of the rise in the face of large market fluctuations.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Binance recently experienced a large-scale liquidation event, with total liquidation exceeding $125 million.
The liquidation event mainly concentrated on long positions, indicating 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 event reminds investors to be aware of market risks, operate cautiously, and avoid excessive leverage.