#Binance liquidates over $200 million#

Recently, there has been a massive liquidation event on the Binance platform. Data shows that the total amount of liquidated contracts across all exchanges in the past 24 hours reached $228 million, with $148 million of those being short positions, accounting for 65% of the total liquidation. In the past hour alone, the total amount of liquidated contracts reached $12.54 million, with $11.03 million being short positions, accounting for 88% of the total liquidation. This indicates that bearish forces are relatively strong in the market recently, and the rapid rise in Bitcoin prices has led to a large number of short positions being forcibly liquidated, ultimately resulting in massive liquidations. It is worth noting that while liquidation events are relatively common in the cryptocurrency market, such large-scale events are still relatively rare. This reflects the volatility of market sentiment and the importance of risk management. Investors should exercise caution when trading, manage their risks well, and avoid major losses due to market fluctuations.