#BTC, BNB perpetual liquidation#

Recently, a large number of liquidation orders have emerged in the BTC and BNB perpetual contract markets, drawing market attention. According to analysis, the BTC perpetual contract market has seen 9.29 million liquidation orders, while the BNB perpetual contract market has seen 3.33 million. These large orders appear as horizontal lines on the candlestick chart, with thicker lines representing larger order amounts and longer lines representing longer order durations. This indicates that market makers are actively manipulating the market, attempting to guide price movements. Currently, there are divergent interpretations of these large orders, with some believing they represent profit-taking by market makers, while others believe they represent a layout to drive up prices. Due to the massive size of these large orders, their impact on the market cannot be ignored. Investors need to closely monitor market dynamics and exercise caution in their trading.