#Binance liquidates over $200 million#
Hot Topic Overview
Overview
Recently, Binance platform experienced a large-scale liquidation event. Data shows that the total liquidation amount across all contracts in the past 24 hours reached $218 million, with short positions accounting for $142 million. In the past hour, the total liquidation amount across all contracts reached $14.5 million, with short positions accounting for $13.39 million. This indicates that the market has been experiencing significant volatility recently, with a large number of investors shorting Bitcoin while expecting it to rise, ultimately leading to huge losses.
Ace Hot Topic Analysis
Analysis
There has been a large-scale margin call event on the Binance platform recently. Data shows that the total margin call amount across the entire network reached $218 million in the past 24 hours, with $142 million in short positions, accounting for 65% of the total margin call amount. In the past hour, the total margin call amount across the entire network reached $14.5 million, with $13.39 million in short positions, accounting for 92% of the total margin call amount. This indicates that the short-selling force in the market is relatively strong recently, while the long-selling force is relatively weak. 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 volatility of BTC prices is relatively large, and investors need to operate cautiously and control risks.
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 strong bearish sentiment towards BTC price in the market.
BTC price rose after the liquidation events occurred, which may be related to the increased buying power caused by the short position liquidations.
The liquidation events remind investors to pay attention to risk control and avoid excessive leverage operations.