#Binance liquidates over $200 million#
Hot Topic Overview
Overview
Recently, Binance platform has experienced a large-scale liquidation event, with short positions being the main driver. Data shows that in the past 24 hours, the total liquidation amount across all contracts reached $218 million, with short positions accounting for $142 million, or 65% of the total. In the past hour, the total liquidation amount across all contracts also reached $14.5 million, with short positions accounting for $13.39 million, or 92% of the total. This indicates that there is a significant divergence in market sentiment regarding the price trend of BTC, with bearish forces being stronger, leading to a large number of short liquidations.
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 reached $218 million in the past 24 hours, with short positions accounting for $142 million, or 65% of the total margin call amount. In the past hour alone, 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 short-selling forces have been relatively strong in the market recently, while long positions have been relatively weak. This margin call event mainly concentrated on BTC contracts. In the past 24 hours, the BTC margin call amount was $52.62 million, accounting for 24.06% of the total margin call amount. In the past hour, the BTC margin call amount was $6.68 million, accounting for 46.08% of the total margin call amount. This indicates that BTC prices have been volatile recently, with short-selling forces being relatively strong. Investors need to be cautious in their operations.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Binance recently experienced a large number of liquidations, mainly concentrated in the short position.
In the past 24 hours, the total liquidation amount across the entire network exceeded $218 million, of which short position liquidations exceeded $142 million.
BTC liquidation amount accounted for a high proportion of the total liquidation amount, accounting for 24.06% in the past 24 hours and 46.08% in the past hour.
The Binance BTC price has risen in the past 24 hours, which may be the main reason for the short position liquidation.