#Binance liquidations exceed $10 million#

Recently, Binance platform has experienced a large-scale liquidation event, attracting market attention. According to data, the total liquidation amount across all contracts in the past 24 hours reached $125 million, with $79.44 million in long positions liquidated, mainly long positions. Specifically, Bitcoin liquidation amounted to $13.11 million, accounting for 10.44%, while Ethereum liquidation reached $3.7 million, accounting for 32.42%. This indicates that the market has been experiencing significant volatility recently, with long positions facing substantial impact, leading to massive liquidations. Notably, the total liquidation amount across all contracts in the past hour also reached $11.42 million, with $9.25 million in long positions liquidated, further confirming the volatility of market sentiment and the fragility of long positions. This liquidation event reflects the increasing market risk, and investors need to operate cautiously, control risk, avoid blindly chasing rallies and selling on dips, and invest rationally.