#Binance liquidates over $200 million#
Hot Topic Overview
Overview
Recently, Binance platform experienced a large-scale liquidation event, with a total of $218 million in liquidated contracts across the entire network in the past 24 hours. Among them, the amount of liquidated short positions reached $142 million. Data shows that the total amount of liquidated contracts across the entire network in the past hour also reached $14.5 million, with $13.39 million in liquidated short positions. This liquidation event mainly concentrated on BTC contracts, with $52.62 million in liquidated BTC contracts in the past 24 hours, accounting for 24.06% of the total liquidated amount.
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 being the main driver, and BTC margin call amount accounting for 46.08%. This indicates that the bearish force in the market has been strong recently, but due to the continuous rise in Bitcoin prices, a large number of short positions have been forcibly liquidated, ultimately leading to the margin call event. This margin call event also serves as a reminder to investors that they should be cautious when engaging in contract trading, control risks, avoid excessive leverage, and prevent margin calls.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Binance BTC contract liquidation amount is huge, with $218 million liquidated in the past 24 hours and $14.5 million liquidated in the past hour.
Liquidation is mainly concentrated on short positions, indicating a strong bearish sentiment towards BTC price.
BTC price has risen recently, leading to short position liquidation, but the increase is not large, only 1.53% (past hour) and 1.16% (past 24 hours).
Liquidation data is for reference only and does not represent the future trend of the market.