#Binance liquidation exceeds $600 million#
Hot Topic Overview
Overview
Recently, Binance platform experienced a large-scale margin call event, with the total margin call amount on the entire network reaching $683 million in the past 24 hours. Among them, the margin call amount for Ethereum (ETH) was the highest, reaching $165 million, accounting for 24.22% of the total margin call amount. It is worth noting that this margin call event mainly concentrated on long positions, indicating that market sentiment was bullish, but the price fell, forcing long positions to close. In addition, in the past hour, Binance platform also experienced a $34.91 million margin call event, mainly concentrated on short positions, indicating that market sentiment was bearish, but the price rose, forcing short positions to close.
Ace Hot Topic Analysis
Analysis
Binance has recently witnessed a large-scale liquidation event. According to data, the total liquidation amount across all contracts in the past 24 hours reached $683 million, with $485 million in long liquidations, accounting for the majority. ETH liquidations amounted to $165 million, representing 24.22% of the total liquidation amount. In the past hour, the total liquidation amount across all contracts reached $34.91 million, with short liquidations dominating. BTC liquidations totaled $13.54 million, accounting for 38.78% of the total liquidation amount. This indicates significant market volatility, urging investors to proceed with caution and manage their risk. It is important to note that these data are for reference only, and actual situations may vary.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Binance ETH price dropped 5.38% in the past 24 hours, leading to a total of $683 million in liquidation across all exchanges, with $485 million in long positions liquidated.
ETH liquidation amount accounted for 24.22% of the total liquidation amount across all exchanges, making it the main liquidated cryptocurrency.
Binance BTC price increased by 5.75% in the past 24 hours, leading to a total of $34.91 million in liquidation across all exchanges in the past hour, with $32.51 million in short positions liquidated.
BTC liquidation amount accounted for 38.78% of the total liquidation amount across all exchanges, making it the main liquidated cryptocurrency.