#Binance liquidations exceed $200 million#
Hot Topic Overview
Overview
Binance platform recently experienced a large-scale margin call event. Data shows that the total margin call amount across the entire network reached $228 million in the past 24 hours, with $148 million in short positions, accounting for 65% of the total margin call amount. In the past hour alone, the total margin call amount across the entire network reached $12.54 million, with $11.03 million in short positions, accounting for 88% of the total margin call amount. This indicates that the recent market volatility has been significant, and short positions have been severely hit. Investors should operate cautiously and control risks.
Ace Hot Topic Analysis
Analysis
Binance platform has recently experienced a large-scale margin call event. Data shows that the total margin call amount across all networks reached $228 million in the past 24 hours, with $148 million in short positions, accounting for about 65% of the total margin call amount. In the past hour alone, the total margin call amount across all networks reached $12.54 million, with $11.03 million in short positions, accounting for 88% of the total margin call amount. This suggests that the margin call event was primarily concentrated on short sellers, whose positions were crushed by a strong bull market. The occurrence of this margin call event may be related to the recent rapid rise in Bitcoin prices, with strong bullish forces leading to forced liquidation of short positions, ultimately triggering a large-scale margin call.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Binance BTC contract liquidation amount is huge, the liquidation amount in the past 24 hours reached 228 million US dollars, and the liquidation amount in the past 1 hour also reached 12.54 million US dollars.
This liquidation event mainly concentrated on short positions, indicating that there are differences in the market's view on the trend of BTC prices. Some investors believe that BTC prices will fall, while the actual situation is that BTC prices have risen, leading to liquidation of short positions.
BTC prices have risen by 4.30% in the past 24 hours and by 5.11% in the past hour, which may be the main reason for the liquidation of short positions.
The liquidation event reminds investors to be cautious when engaging in contract trading, control risks, and avoid excessive leverage.