#BTC perpetual contract liquidation of 8.64 million#

Recently, the BTC perpetual contract market has witnessed massive liquidation orders, with one order reaching a staggering 8.64 million, drawing attention from the market. Analysts suggest that this liquidation order may be manipulated by major players, aiming to influence the direction of the market price. According to the article, major orders are displayed as horizontal lines on the K-line chart, where thicker lines represent larger order amounts, and longer lines indicate longer order duration. This implies that the 8.64 million liquidation order could be issued by one or multiple large institutions or traders, potentially for profit-taking or market manipulation. Additionally, the article mentions a BTC perpetual open order of 6.01 million and a BNB perpetual open order of 2.11 million, which might also be related to market manipulation by major players. Currently, the market consensus on the interpretation of this massive liquidation order remains unclear, but its impact on the market cannot be overlooked. Investors should closely monitor market dynamics and exercise caution in their trading.