#Binance liquidates over $200 million#

Recently, a large-scale margin call event occurred on the Binance platform, attracting 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 calls being short positions, reaching $142 million. In the past hour, the total margin call amount across the entire network also reached $14.5 million, with short positions accounting for the majority, reaching $13.39 million. This indicates that there is a clear bullish sentiment in the market recently, with a large number of investors choosing to short Bitcoin. However, due to the strong rise in Bitcoin prices, short positions were forcibly liquidated, ultimately leading to a large-scale margin call. It is worth noting that although the margin call event occurred on the Binance platform, its impact is not limited to the platform but extends to the entire cryptocurrency market. This margin call event also serves as a reminder to investors that they should exercise caution when engaging in cryptocurrency trading, implement risk control measures, and avoid losses due to market fluctuations.