#Binance Futures Liquidation Reaches $683 Million#
Hot Topic Overview
Overview
Binance Futures market has seen significant volatility recently, with a total of $683 million liquidated across the entire network in the past 24 hours. $485 million of this was from long positions, while $165 million was from ETH positions, representing 24.22% of the total liquidations. In the past hour, the total liquidated across the entire network was $34.91 million, with a majority being short positions, with $13.54 million being from BTC positions, representing 38.78% of the total liquidations. Overall, the Binance Futures market has seen significant volatility in recent times, with both long and short positions suffering substantial losses. Investors should be cautious when trading.
Ace Hot Topic Analysis
Analysis
Binance futures market has witnessed massive liquidations recently. The total liquidation amount across the entire network in the past 24 hours reached $683 million, with $485 million from long positions, accounting for 71% of the total liquidation amount. ETH experienced the highest liquidation amount at $165 million, representing 24.22% of the total liquidations. This suggests a bullish market sentiment, but due to ETH's 5.38% price drop in the past 24 hours, a large number of long positions were stopped out, triggering massive liquidations. Notably, in the past hour, the total liquidation amount across the entire network reached $34.91 million, with short positions dominating, and BTC experiencing the highest liquidation amount at $13.54 million, accounting for 38.78% of the total liquidations. This indicates market sentiment divergence, with some investors believing that BTC prices may experience a correction, leading them to short positions and resulting in short position liquidations. Overall, the Binance futures market has experienced significant fluctuations recently, and investors need to operate cautiously and manage their risks.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Binance contract liquidation events mainly focus on long positions, with a total liquidation amount of $683 million across the entire network in the past 24 hours.
ETH is the main cryptocurrency for liquidation, with a liquidation amount of $165 million in the past 24 hours, accounting for 24.22% of the total liquidation amount.
The Binance contract liquidation event may be related to the decline in ETH prices, which has fallen by 5.38% in the past 24 hours.
Liquidation events remind investors to pay attention to risk control and avoid excessive leverage operations.