#Binance liquidations exceed $285 million#

Binance platform has recently experienced a large-scale liquidation event. Data shows that the total contract liquidation amount across the entire network in the past 24 hours reached $285 million, of which short positions accounted for $190 million, representing over 66%. In the past hour, the total contract liquidation amount across the entire network reached $56.69 million, with short positions accounting for $52.29 million, representing over 92%. This indicates that market sentiment has recently been bullish, with a large number of investors choosing to short, but due to the strong market trend, short positions were forced to be liquidated, ultimately leading to a large-scale liquidation. Among them, Bitcoin and Ethereum were the main coins liquidated, accounting for $15.29 million and $58.50 million respectively, representing 26.96% and 20.51% respectively. It is worth noting that these data are for reference only, and the actual liquidation situation may vary.