#Binance liquidates over $200 million#

Recently, a large-scale margin call event on the Binance platform has attracted market attention. According to data, the total margin call amount across the entire network reached $218 million in the past 24 hours, with the majority of the margin call amount, $142 million, coming from short positions. In the past hour alone, the total margin call amount across the entire network reached $14.5 million, with $13.39 million coming from short positions. This indicates that there is a divergence of opinion in the market regarding the future direction of BTC prices, with short-selling forces being relatively strong, leading to a large number of short positions being forcibly liquidated. It is worth noting that while BTC prices have risen by 1.16% in the past 24 hours, they have experienced a slight decline in the past hour, which may be related to some short-sellers covering their positions. Overall, this margin call event reflects the high volatility of market sentiment, and investors need to operate cautiously and control risks.