#Binance liquidations exceed $10 million#

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Binance platform has recently experienced a large-scale liquidation, with a total of $125 million in contract liquidations across the entire network in the past 24 hours, of which $79.44 million were long positions. Bitcoin liquidations amounted to $13.11 million, accounting for 10.44% of the total liquidations. In the past hour, the total contract liquidations across the entire network amounted to $11.42 million, with $9.25 million in long positions. Ethereum liquidations amounted to $3.7 million, accounting for 32.42% of the total liquidations. Data shows that recent liquidations on the Binance platform are mainly concentrated in long positions, with Bitcoin and Ethereum being the main targets.

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Analysis

Binance platform has recently experienced a large-scale liquidation event. 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, making long positions the main victims. Specifically, BTC liquidation amounted to $13.11 million, accounting for 10.44%, while ETH liquidation reached $3.7 million, accounting for 32.42%. This indicates a pessimistic market sentiment, with investors adopting a cautious stance towards future market trends, leading to a massive liquidation of long positions. It is worth noting that the total liquidation amount across all contracts in the past hour also reached $11.42 million, with $9.25 million in long positions liquidated, indicating significant market volatility. Investors need to exercise caution and manage risks.

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Binance recently experienced a large-scale liquidation event, with a total amount exceeding $125 million.

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The liquidation events were mainly concentrated on long positions, with BTC liquidation exceeding $13.11 million and ETH liquidation exceeding $3.7 million.

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Binance BTC price has dropped by 0.04% in the past 24 hours, while ETH price has dropped by 0.46%.

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Liquidation data is for reference only and does not represent market trends or investment advice.

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