#Binance liquidates over $200 million#
Hot Topic Overview
Overview
Binance platform has recently experienced a large-scale liquidation event. In the past 24 hours, the total liquidation amount across all contracts reached $218 million, with $142 million of it coming from short positions. In the past hour alone, the total liquidation amount across all contracts reached $14.5 million, with $13.39 million coming from short positions. This liquidation event was mainly concentrated on BTC contracts, with $52.62 million liquidated in the past 24 hours and $6.68 million in the past hour. This indicates that the market has been experiencing significant volatility recently, resulting in losses for many investors trading BTC contracts.
Ace Hot Topic Analysis
Analysis
Recently, a large-scale margin call event on the Binance platform has attracted market attention. According to data, the total margin call amount across the entire network reached $218 million in the past 24 hours, 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 the majority, reaching 92.34% of the total margin call amount. This indicates that there is strong bullish sentiment in the market recently, with short positions being liquidated in large quantities, leading to frequent margin call events. It is worth noting that while margin call events reflect market sentiment fluctuations to a certain extent, they may also trigger chain reactions and exacerbate market volatility. Investors should operate cautiously, control risks, and avoid blindly chasing rallies and selling on dips.
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 event mainly concentrated on short positions, indicating a strong bearish sentiment towards BTC price in the market.
BTC price rose after the liquidation event, suggesting a potential market sentiment reversal.
The liquidation event reminds investors to pay attention to risk control and avoid excessive leverage operations.