#Binance liquidates over $200 million#
Hot Topic Overview
Overview
Recently, Binance platform experienced a large-scale liquidation event. In the past 24 hours, the total liquidation amount across the entire network reached $218 million, with $142 million in short positions liquidated, accounting for 65% of the total liquidation amount. In the past hour, the total liquidation amount across the entire network reached $14.5 million, with $13.39 million in short positions liquidated, accounting for 92% of the total liquidation amount. This indicates that the bearish force in the market is relatively strong recently, and the volatility of Bitcoin prices has led to a large number of short positions being liquidated.
Ace Hot Topic Analysis
Analysis
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. This liquidation event mainly concentrated on Bitcoin contracts, with $52.62 million liquidated in the past 24 hours, accounting for 24.06% of the total liquidated amount. In the past hour, the total liquidated amount across the entire network reached $14.5 million, with $13.39 million in liquidated short positions and $6.68 million in liquidated Bitcoin contracts, accounting for 46.08% of the total liquidated amount. This indicates that the bearish force in the market is relatively strong recently, and the volatility of Bitcoin prices has also increased the risk of liquidation. This liquidation event also reminds investors to be cautious when engaging in contract trading, control risks, and avoid significant losses.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Binance recently experienced a large-scale liquidation event, with a total amount exceeding $200 million.
The liquidation events were mainly concentrated on short positions, indicating a divergence in market sentiment towards BTC price movements. Some investors bet on a price decline, but were ultimately hurt by the market reversal.
BTC price has risen in the past 24 hours, which may be the main reason for the short liquidation.
The liquidation event reminds investors that leveraged trading is risky and requires careful operation.