#Binance liquidates over $200 million#
Hot Topic Overview
Overview
Binance platform has recently experienced a large-scale liquidation event. In the past 24 hours, the total liquidation amount across the entire network reached $218 million, with $142 million in short positions liquidated, accounting for 65% of the total liquidation amount. In the past hour, the total liquidation amount across the entire network also reached $14.5 million, with $13.39 million in short positions liquidated, accounting for 92% of the total liquidation amount. This indicates that the market has been experiencing significant volatility recently, and short positions have been severely hit. Investors should exercise caution and manage their risks.
Ace Hot Topic Analysis
Analysis
Recently, a large-scale margin call event on the Binance platform has attracted market attention. According to data, in the past 24 hours, the total margin call amount across the entire network reached $218 million, of which $142 million was from short positions, accounting for 65% of the total margin call amount. In the past hour, the total margin call amount across the entire network also reached $14.5 million, with $13.39 million from short positions, accounting for 92% of the total margin call amount. This indicates that the bearish force in the market has been relatively strong recently, but due to the continuous rise in Bitcoin prices, a large number of short positions have been forcibly liquidated, ultimately leading to huge margin calls. It is worth noting that although the margin call event occurred on the Binance platform, its impact has spread to the entire cryptocurrency market, reflecting the volatility and risk of market sentiment.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Binance BTC contract liquidation amount is huge, with over $218 million liquidated in the past 24 hours.
Short positions are the main driver of liquidations, with over $142 million liquidated in the past 24 hours.
BTC price has been rising recently, with an increase of over 1% in the past 24 hours.
Data is for reference only and does not constitute investment advice.