#Binance liquidations exceed $200 million#
Hot Topic Overview
Overview
Binance recently witnessed a massive liquidation event, with a total of $228 million liquidated across all contracts in the past 24 hours. Of this amount, $148 million was from short positions, representing 65% of the total liquidations. Within the past hour alone, $12.54 million was liquidated across all contracts, with $11.03 million from short positions, accounting for 88% of the total liquidations. This suggests that short sellers are currently holding a strong position in the market. The rapid rise in Bitcoin prices has led to a large number of shorts being forcibly liquidated, ultimately triggering the mass liquidation event.
Ace Hot Topic Analysis
Analysis
Recently, a large-scale liquidation event on the Binance platform has attracted market attention. Data shows that in the past 24 hours, the total liquidation amount of Binance's entire network contracts reached $228 million, with short positions accounting for a higher proportion, reaching $148 million. In the past hour, the total liquidation amount of contracts across the entire network also reached $12.54 million, with short positions accounting for $11.03 million. This liquidation event mainly concentrated on BTC contracts, with $69.53 million in BTC liquidation in the past 24 hours, accounting for 30.47% of the total liquidation amount, while in the past hour, BTC liquidation amounted to $3.36 million, accounting for 26.86% of the total liquidation amount. This indicates that there are differences in the market's recent view on the price trend of BTC, with some investors betting on a decline in the price of BTC, but ultimately the price of BTC rose, leading to short-selling liquidation. This liquidation event also reminds investors that when conducting contract trading, they should exercise caution, control risks, avoid excessive leverage, and prevent major losses.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Binance BTC contract trading saw a massive amount of liquidations, totaling over $200 million.
Liquidations were mainly concentrated on short positions, indicating a bullish market sentiment.
BTC price has surged over 4% in the past 24 hours, which could be the main reason behind the short liquidations.
Liquidation data is for reference only and does not represent market trends. Investors should operate with caution.