#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 reaching $285 million. Among them, the amount of liquidated short positions accounted for the majority, reaching $190 million. In the past hour, the liquidation amount also reached $56.69 million, with $52.29 million being liquidated short positions. This indicates that market sentiment is leaning bullish, with short sellers being massively sold off by the market, leading to a large number of liquidated short positions.
Ace Hot Topic Analysis
Analysis
Binance platform has recently experienced large-scale liquidation events. According to data, the total contract liquidation amount across the network reached $285 million in the past 24 hours, of which $190 million was from short positions, accounting for 66.67% of the total liquidation amount. In the past hour, the total contract liquidation amount across the network also reached $56.69 million, of which $52.29 million was from short positions, accounting for 92.24% of the total liquidation amount. This indicates that the short-selling force is relatively strong in the market recently, while the long-selling force is relatively weak. Among them, BTC and ETH liquidated $15.29 million and $58.50 million respectively, accounting for 26.96% and 20.51% of the total liquidation amount for each cryptocurrency. This indicates that the short-selling force in BTC and ETH is also relatively strong, while the long-selling force is relatively weak. It is important to note that the above data is for reference only, and actual situations may vary.
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 primarily concentrated on short positions, indicating market divergence in price trends and short sellers being significantly harmed by market reversals.
BTC and ETH were the main cryptocurrencies involved in the liquidations, accounting for 26.96% and 20.51% of the total liquidation amount, respectively.
The liquidation event might be related to the recent heightened market volatility. Investors need to exercise caution in their operations and control risks.