#Binance liquidates over $200 million#

Recently, a large-scale margin call event on the Binance platform has attracted market attention. Data shows that in the past 24 hours, the total margin call amount across the entire network reached $218 million, with short positions accounting for a higher proportion, reaching $142 million. In the past hour, the total margin call amount across the entire network also reached $14.5 million, with short positions accounting for $13.39 million. This indicates that there is significant volatility in the market recently, and many investors who were bearish on Bitcoin were hurt by the market reversal, leading to a large number of short positions being liquidated. It is worth noting that although the margin call event occurred on the Binance platform, it reflects the sentiment changes in the entire cryptocurrency market and also reminds investors to operate cautiously and manage risks during market fluctuations.