#Binance liquidations exceed $10 million#
Hot Topic Overview
Overview
Binance platform has recently experienced a large-scale liquidation event. In the past 24 hours, the total liquidation amount across all contracts reached $125 million, with $79.44 million in long positions liquidated. BTC liquidation accounted for $13.11 million (10.44%), the majority of the total. In the past hour alone, the total liquidation amount across all contracts reached $11.42 million, with $9.25 million in long positions liquidated. ETH liquidation accounted for $3.7 million (32.42%), the majority of the total. This indicates that market sentiment is cautious, with weak bullish momentum. Investors should exercise caution when trading.
Ace Hot Topic Analysis
Analysis
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 this, $79.44 million was liquidated from long positions, making it the primary driver of liquidations. Specifically, BTC liquidations amounted to $13.11 million, accounting for 10.44%, while ETH liquidations reached $3.7 million, representing 32.42%. This indicates a pessimistic market sentiment, with investors adopting a cautious stance towards future market trends, leading to a significant closure of long positions. Notably, this liquidation event is not an isolated incident, as the total liquidated contracts across the entire network within the past hour also reached $11.42 million, with $9.25 million liquidated from long positions, further confirming the prevailing market panic. Currently, the BTC price on Binance platform stands at $98,325.63, down 0.04% in the past 24 hours, while ETH is trading at $3,618.42, down 0.46% in the past 24 hours.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Binance recently experienced a large number of liquidation events, with a total amount exceeding $100 million.
Liquidation events are mainly concentrated on long positions, indicating that market sentiment is bullish, but market volatility is high and risks are high.
BTC and ETH are the main coins for liquidation, with $13.11 million and $3.7 million liquidated respectively.
Data is for reference only and does not constitute investment advice.