#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. The majority of liquidations were long positions, with BTC liquidations reaching $13.11 million, accounting for 10.44%. In the past hour alone, the total liquidated contract value reached $11.42 million, with $9.25 million in long positions liquidated and $3.7 million in ETH liquidations, accounting for 32.42%.
Ace Hot Topic Analysis
Analysis
There have been large-scale liquidations on the Binance platform recently. Data shows that the total liquidation amount across all contracts in the past 24 hours reached $125 million, with $79.44 million in long liquidations, indicating a dominance of long liquidations. Specifically, Bitcoin liquidations amounted to $13.11 million, accounting for 10.44%, while Ethereum liquidations reached $3.7 million, representing 32.42%. This suggests a pessimistic market sentiment and weak bullish momentum, leading to a significant number of long positions being forcibly liquidated. Notably, the total liquidation amount across all contracts in the past hour also reached $11.42 million, with $9.25 million in long liquidations, highlighting the intense market volatility. Investors should exercise caution and manage their risks accordingly.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Binance liquidation events mainly focus on long positions, indicating a bullish market sentiment, but price fluctuations lead to long positions being stopped out or liquidated.
BTC and ETH are the main cryptocurrencies for liquidation, indicating that the market is sensitive to the fluctuations of these two major cryptocurrencies.
The amount of liquidation increased rapidly in a short period of time, reflecting the volatility and high risk of the market.
Liquidation data is for reference only and does not represent market trends. Investors should operate cautiously.