#BTC, BNB large liquidation#

Recently, the BTC and BNB markets have seen large-scale liquidation, which has drawn market attention. Monitoring data shows that BTC perpetual contracts saw 9.29 million pending orders liquidated, while BNB perpetual contracts saw 3.33 million pending orders liquidated. These large-scale liquidation orders may indicate that market makers are operating and could lead to price movement. As the specific source and purpose of these large-scale liquidation orders are currently unknown, investors need to closely monitor market trends and operate cautiously. Some analysts believe that these liquidation orders could be market makers' operations for profit or loss-cutting, or for creating market volatility to achieve certain goals. Regardless, these large-scale liquidation orders remind investors that market risks still exist and vigilance is needed.