#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 short positions accounting for the vast majority at $142 million. In the past hour, the total margin call amount across the entire network reached $14.5 million, with short positions accounting for $13.39 million. This indicates that short-selling forces have been relatively strong in the market recently, while long positions have suffered significant losses. This margin call event mainly concentrated on the BTC trading pair, with BTC margin call amounts accounting for 24.06% and 46.08% of the total 24-hour and 1-hour margin call amounts, respectively. This shows that BTC prices have been volatile recently, and investors need to operate cautiously and avoid the risks brought by excessive leverage operations.