#Binance liquidates over $200 million#
Hot Topic Overview
Overview
Binance has recently experienced a large-scale liquidation event. In the past 24 hours, the total liquidation amount across all contracts reached $218 million, with $142 million in short liquidations, accounting for 65% of the total liquidation amount. In the past hour, the total liquidation amount across all contracts also reached $14.5 million, with $13.39 million in short liquidations, accounting for 92% of the total liquidation amount. This indicates that the market has been experiencing significant volatility recently, with short sellers suffering heavy losses, while long holders have profited handsomely.
Ace Hot Topic Analysis
Analysis
Recently, there has been a large-scale margin call event on the Binance platform. Data shows that the total margin call amount across the entire network in the past 24 hours reached $218 million, with short positions accounting for $142 million, or 65% of the total margin call amount. 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, or 92% of the total margin call amount. This indicates that the margin call event was primarily driven by short sellers, with a large number of short positions being forcibly liquidated, resulting in huge losses. Analysts point out that the margin call event may be related to the recent rapid rise in Bitcoin prices. Many short sellers established short positions based on the expectation of a decline in Bitcoin prices, but Bitcoin prices unexpectedly rose, forcing short sellers to liquidate their positions, ultimately triggering a large-scale margin call.
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.
This liquidation event is mainly dominated by short positions, indicating a divergence in market sentiment towards BTC price, with some investors bearish on BTC price while others are bullish.
BTC price has risen by 1.16% in the past 24 hours, which may have forced some short position holders to close their positions, leading to a large-scale liquidation.
The liquidation event reminds investors that contract trading involves risks and requires cautious operation and risk control.