#Binance liquidates over $200 million#

Recently, Binance platform has experienced a large-scale liquidation event, attracting market attention. According to data, in the past 24 hours, the total liquidation amount across all contracts reached $218 million, with short positions accounting for a larger proportion, reaching $142 million. In the past hour alone, the total liquidation amount across all contracts reached $14.5 million, with short positions accounting for $13.39 million. This indicates that market sentiment has been bullish recently, with a large number of investors choosing to short Bitcoin. However, as Bitcoin prices rose, short sellers were forced to cover their positions, leading to large-scale liquidations. It is worth noting that despite the frequent liquidation events, Bitcoin prices have continued to rise, which may be related to the market's optimistic outlook on future trends. However, investors need to be cautious about market fluctuations and avoid excessive leverage operations to reduce risks.