#Binance liquidates over $600 million#

Recently, a large-scale liquidation event occurred on the Binance platform, attracting market attention. Data shows that the total liquidation amount across the entire network in the past 24 hours reached $683 million, with long positions accounting for $485 million, making up the majority of liquidations. ETH liquidation reached $165 million, accounting for 24.22% of the total liquidation amount. Prior to this, in the past hour, the total liquidation amount across the entire network was $34.91 million, with short positions making up the majority of liquidations, and BTC liquidation reaching $13.54 million, accounting for 38.78% of the total liquidation amount. This indicates that the market is experiencing intense volatility, with both long and short positions facing significant risks. This liquidation event mainly focused on ETH and BTC, the two mainstream cryptocurrencies, reflecting the significant volatility in market sentiment towards these cryptocurrencies. It also serves as a reminder for investors to be cautious when investing in digital currencies, manage risks effectively, and avoid blindly chasing rallies or selling off in panic.