#Binance liquidation of $285 million#
Hot Topic Overview
Overview
Recently, Binance platform has experienced a large-scale liquidation event. In the past 24 hours, the total liquidated amount across all contracts reached $285 million, with $190 million from short positions, accounting for 66.67% of the total liquidated amount. In the past hour, the total liquidated amount across all contracts reached $56.69 million, with $52.29 million from short positions, accounting for 92.24% of the total liquidated amount. This indicates that bearish forces are relatively strong in the recent market, while bulls are more cautious, leading to a higher proportion of short position liquidations.
Ace Hot Topic Analysis
Analysis
Recently, there has been a large-scale margin call event on the Binance platform. The total margin call amount across the entire network in the past 24 hours reached $285 million, of which $190 million was from short positions, accounting for 66.67% of the total margin call amount. Data shows that the total margin call amount across the entire network in the past hour also reached $56.69 million, with $52.29 million from short positions, accounting for 92.22% of the total margin call amount. This indicates that market sentiment has recently been bullish, with short sellers experiencing significant losses. Specifically, BTC margin calls amounted to $15.29 million, accounting for 26.96% of the total margin call amount in the past hour, while ETH margin calls amounted to $58.50 million, accounting for 20.51% of the total margin call amount in the past 24 hours. This suggests that short sellers of BTC and ETH have suffered significant losses in the recent market rally. It is important to note that the above data is for reference only and the actual situation may vary.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Binance recently experienced a massive liquidation event, with a total amount of $285 million.
Liquidation events were mainly concentrated on short positions, with short position liquidation accounting for approximately 67% of the total liquidation amount.
BTC and ETH were the main cryptocurrencies involved in the liquidation, accounting for 26.96% and 20.51% of the total liquidation amount, respectively.
This liquidation event may be related to the recent surge in cryptocurrency prices, leading to forced liquidation of short positions and resulting in losses.