#Binance liquidates over $200 million#
Hot Topic Overview
Overview
Binance has experienced a large-scale liquidation event recently. In the past 24 hours, the total liquidation amount across the entire platform reached $228 million. Among them, the liquidation amount of short positions is higher, reaching $148 million. In the past hour alone, the total liquidation amount across the entire platform reached $12.54 million, with $11.03 million from short positions. This liquidation event primarily focused on BTC contracts, with $69.53 million in BTC liquidations in the past 24 hours, accounting for 30.47% of the total liquidation amount.
Ace Hot Topic Analysis
Analysis
Recently, there has been a large-scale liquidation event on the Binance platform. According to statistics, the total amount of liquidated contracts across the entire network in the past 24 hours has reached $228 million, of which the amount of liquidated short positions has reached $148 million, accounting for 65% of the total liquidation amount. In the past hour, the total amount of liquidated contracts across the entire network has reached $12.54 million, of which the amount of liquidated short positions has reached $11.03 million, accounting for 88% of the total liquidation amount. This indicates that the liquidation event was primarily driven by short sellers, whose positions were liquidated, resulting in huge losses. The occurrence of this liquidation event may be related to the recent sharp rise in Bitcoin prices, leading to liquidation of short positions and causing significant losses. This incident also serves as a reminder to investors to exercise caution when engaging in contract trading, manage risks, and avoid similar liquidation events.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Binance BTC contract trading saw a large number of liquidations, with a total amount exceeding $200 million.
Liquidations were mainly concentrated in short positions, indicating a divergence of opinions in the market regarding the direction of BTC price. Some investors are bearish on BTC price, while others are bullish.
BTC price has risen by over 4% in the past 24 hours, which may be the main reason for the liquidation of short positions.
Liquidation data is for reference only and does not represent market trends. Investors should invest cautiously and avoid blindly following the crowd.