#Binance liquidates over $200 million#

Recently, a large-scale liquidation event on the Binance platform has drawn market attention. According to data, the total liquidation amount across all contracts in the past 24 hours has reached $285 million, with $190 million of liquidations coming from short positions, accounting for over 66%. This indicates that a significant number of investors had bet on a decline in coin prices but were ultimately overwhelmed by the opposite market trend. It's worth noting that in the past hour alone, the total liquidation amount across all contracts reached $56.69 million, with short position liquidations accounting for $52.29 million, exceeding 92%. This suggests that market sentiment remains bearish, and investors have significant differences in their views on the direction of coin prices. This liquidation event serves as a reminder for investors to exercise caution when engaging in contract trading, manage risks effectively, avoid excessive leverage, and prevent major losses.