#Binance liquidations exceed $285 million#
Hot Topic Overview
Overview
Binance platform experienced a massive liquidation event in the past 24 hours, with a total liquidation amount of $285 million. Among them, short positions accounted for the majority, reaching $190 million. Specifically, the total contract liquidation amount across the entire network within the past hour was $56.69 million, with $52.29 million from short positions, accounting for 92.2% of the total liquidation. BTC and ETH liquidated $15.29 million and $58.50 million respectively, accounting for 26.96% and 20.51% of the total liquidation for their respective coins. This liquidation event was mainly triggered by short positions, reflecting the market's divergence on the price trend. Investors should operate cautiously and control risks.
Ace Hot Topic Analysis
Analysis
Recently, Binance has seen a massive liquidation event. According to statistics, the total liquidation amount across all contracts in the past 24 hours reached $285 million, with short positions accounting for a staggering $190 million. This is primarily attributed to recent market volatility, particularly the significant surge in Bitcoin and Ethereum prices, leading to the forced liquidation of many short positions. Notably, Bitcoin rose 2.93% in the past 24 hours, while Ethereum jumped by 6.91%, causing substantial losses for bearish market participants. It's noteworthy that in the past hour alone, the total liquidation amount across all contracts reached $56.69 million, with short positions accounting for $52.29 million. This indicates that market sentiment remains highly tense, and investors need to exercise caution.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Binance recently experienced a large-scale liquidation event, with a total amount exceeding $285 million.
The liquidation event mainly focused on short positions, indicating strong bearish sentiment in the market.
BTC and ETH were the main cryptocurrencies liquidated, accounting for 26.96% and 20.51% of the total liquidation amount, respectively.
The market is highly volatile, and investors should exercise caution and manage their risks.