#Binance liquidations exceed $10 million#

Recently, Binance platform 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. Data shows that BTC liquidation reached $13.11 million, accounting for 10.44% of the total liquidation amount. In addition, the total liquidated contracts across the entire network in the past hour also reached $11.42 million, with $9.25 million in long positions and $3.7 million in ETH liquidation, accounting for 32.42% of the total liquidation amount. This liquidation event mainly concentrated on long positions, indicating that market sentiment is bearish, and investors are cautious about the market outlook. This may be related to the recent intensified volatility in the cryptocurrency market, where investors are prone to panic selling in the face of market risks, leading to frequent liquidation events.