#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, of which $142 million were short positions. In the past hour, the total liquidated contracts across the entire network reached $14.5 million, with $13.39 million being short positions. This liquidation event mainly concentrated on BTC contracts, with $52.62 million liquidated in the past 24 hours, accounting for 24.06% of the total liquidated amount. This indicates that there is a significant divergence in market sentiment towards BTC price movements recently, with strong short selling pressure leading to a large number of short positions being liquidated.
Ace Hot Topic Analysis
Analysis
Recently, there has been a large-scale margin call event on the Binance platform. According to statistics, the total margin call amount across the entire network in the past 24 hours reached $218 million, with short positions accounting for $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 margin call event mainly concentrated on BTC contracts, with $52.62 million in BTC margin calls in the past 24 hours, accounting for 24.06% of the total margin call amount, while $6.68 million in BTC margin calls in the past hour, accounting for 46.08% of the total margin call amount. This indicates that the margin call event was mainly driven by short sellers, whose positions were broken through by the strong bullish market, resulting in significant losses. This event also reflects the current volatile market conditions, and investors need to operate cautiously, control risks, and avoid excessive chasing of rallies and selling on dips.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Binance recently experienced a large number of liquidations, with a total amount exceeding $200 million.
Liquidations were mainly concentrated in short positions, indicating a strong bearish sentiment towards BTC price.
BTC price has recently risen, leading to short liquidations, but the increase was limited to 1.16%.
Liquidation data is for reference only and does not represent market trends. Investors should exercise caution.