#Binance liquidations exceed $10 million#
Hot Topic Overview
Overview
Binance platform has recently experienced a large-scale liquidation event, with a total of $125 million in liquidated contracts across the entire network in the past 24 hours, of which $79.44 million were long positions. BTC liquidation amounted to $13.11 million, accounting for 10.44%. In the past hour, the total liquidated contracts across the entire network reached $11.42 million, with $9.25 million in long positions and $3.7 million in ETH liquidation, accounting for 32.42%. This liquidation event mainly concentrated on long positions, reflecting a bearish market sentiment and investors' cautious outlook on the market.
Ace Hot Topic Analysis
Analysis
There has been a large-scale liquidation event on the Binance platform recently. Data shows that the total liquidation amount across all contracts in the past 24 hours reached $125 million, with long positions accounting for $79.44 million, or 63.55% of the total liquidation amount. Among them, BTC liquidation reached $13.11 million, accounting for 10.44% of the total BTC contract liquidation amount. In the past hour, the total liquidation amount across all contracts also reached $11.42 million, with long positions accounting for $9.25 million, or 81.04% of the total liquidation amount. Among them, ETH liquidation reached $3.7 million, accounting for 32.42% of the total ETH contract liquidation amount. This shows that the liquidation event mainly concentrated on long positions, with BTC and ETH being the main ones. This may be related to the recent large market fluctuations and excessive leverage operations by some investors.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Binance recently experienced a large-scale liquidation event, with total liquidation amount exceeding $100 million.
The liquidation events mainly concentrated on long positions, indicating bullish market sentiment, but price fluctuations forced longs to close their positions.
BTC and ETH were the main cryptocurrencies involved in the liquidation, accounting for 10.44% and 32.42% of the total liquidation amount respectively.
The liquidation events remind investors to be aware of market risks, operate cautiously, and avoid excessive leverage.