#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 contract liquidations across the entire network in the past 24 hours. Of this, $79.44 million was from long positions, making up the majority of the liquidations. Specifically, BTC liquidations amounted to $13.11 million, accounting for 10.44% of the total liquidations, while ETH liquidations reached $3.7 million, representing 32.42% of the total. Data shows that the total contract liquidations across the entire network in the past hour also reached $11.42 million, with $9.25 million from long positions.
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 $125 million in the past 24 hours, with $79.44 million in long positions, accounting for 63.55% of the total margin call amount. Among them, the margin call amount for Bitcoin reached $13.11 million, accounting for 10.44% of the total margin call amount. In addition, the total margin call amount across the entire network also reached $11.42 million in the past hour, with $9.25 million in long positions, accounting for 81.04% of the total margin call amount, of which the margin call amount for Ethereum reached $3.7 million, accounting for 32.42% of the total margin call amount. This margin call event mainly concentrated on long positions, indicating that market sentiment is biased towards bullishness, but due to large market fluctuations, some investors chased the rise at high levels, eventually being hurt by market sell-offs. This margin call event also reminds investors that when engaging in contract trading, they should do a good job of risk control, operate cautiously, avoid excessive leverage, and prevent margin call 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 $100 million.
The liquidation events were mainly concentrated on long positions, indicating a bullish market sentiment, but price fluctuations resulted in heavy losses for longs.
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.