#Binance liquidations surpass $285 million#
Hot Topic Overview
Overview
Binance experienced a massive liquidation event in the past 24 hours, with a total liquidation amount reaching $285 million. Short liquidations accounted for the majority, reaching $190 million. In the past hour, liquidations reached $56.69 million, with $52.29 million coming from short liquidations, primarily concentrated in cryptocurrencies such as BTC and ETH. This indicates a bullish market sentiment, with short sellers incurring significant losses.
Ace Hot Topic Analysis
Analysis
Binance platform has recently experienced a large-scale liquidation event. Data shows that the total contract liquidation amount across the entire network reached $285 million in the past 24 hours, of which $190 million was from short positions, accounting for over 66%. In the past hour alone, the total contract liquidation amount reached $56.69 million, with $52.29 million coming from short positions, accounting for over 92%. This indicates that the short-selling force in the market is relatively strong, and a large number of short positions were forced to be liquidated during the price rise, resulting in huge liquidations. It is worth noting that BTC and ETH contributed 26.96% and 20.51% of the liquidation amount respectively, showing that these two mainstream cryptocurrencies play an important role in market fluctuations.
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 events mainly focused on short positions, indicating a divergence of opinion in the market regarding the price trend, with some investors betting on a decline in the price but ultimately being hurt by a market reversal.
BTC and ETH were the main coins involved in the liquidation, accounting for 26.96% and 20.51% of the total liquidated amount respectively, demonstrating the significant position of these two coins in the market.
The liquidation event serves as a reminder to investors that contract trading carries risks and requires cautious operation and proper risk control.