#Binance liquidations exceed $200 million#
Hot Topic Overview
Overview
There has been a large-scale liquidation on the Binance platform recently. The total liquidation amount across all contracts in the past 24 hours reached $285 million, with $190 million in short positions being liquidated, accounting for 66.67% of the total liquidation amount. ETH was the main currency liquidated, with a liquidation amount of $58.5 million, accounting for 20.51% of the total liquidation amount. In the past hour, the total liquidation amount across all contracts was $15.05 million, with long positions being primarily liquidated. BTC liquidation reached $7.11 million, accounting for 47.27% of the total liquidation amount.
Ace Hot Topic Analysis
Analysis
Recently, there have been large-scale margin calls on the Binance platform. Ethereum (ETH) has seen margin calls totaling $285 million in the past 24 hours, mainly from short positions. ETH margin calls amounted to $58.5 million, accounting for 20.51% of the total. Bitcoin (BTC) also experienced margin calls in the past hour, totaling $15.05 million, mainly from long positions. BTC margin calls amounted to $7.11 million, accounting for 47.27% of the total. This indicates high market volatility, and investors need to be cautious and manage their risks.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Recently, Binance platform has experienced a large number of liquidations, with a total amount exceeding $200 million.
Liquidations are mainly concentrated in ETH and BTC contract trading, with a higher proportion of ETH liquidations.
Liquidations are mainly driven by short positions, indicating a divergence in market sentiment on price movement. Some investors bet on a decline in price, but the final result was contrary to their expectations.
The liquidation incident reminds investors to pay attention to risk control, set stop-loss orders reasonably, and avoid excessive leverage operation.