#Binance Liquidations Exceed $10 Million#
Hot Topic Overview
Overview
There has been a large-scale liquidation on Binance recently, with a total of $285 million in liquidated contracts across the entire network in the past 24 hours. Of this, $58.5 million was in Ethereum, accounting for 20.51% of the total liquidation. Notably, the majority of the liquidation was in short positions, indicating a divergence in market sentiment regarding the future price movement of Ethereum. Additionally, Binance experienced $15.05 million in liquidations in the past hour, primarily concentrated in Bitcoin long positions with $7.11 million liquidated, accounting for 47.27% of the total liquidation. This suggests that there is also some degree of volatility in market sentiment regarding the future price movement of Bitcoin.
Ace Hot Topic Analysis
Analysis
Binance platform recently experienced a large-scale liquidation event, which has attracted market attention. Data shows that the total liquidation amount across all contracts in the past 24 hours reached $285 million, with $190 million in short positions liquidated, accounting for 66.67% of the total liquidation amount. ETH became the hardest hit area with $58.5 million in liquidations, accounting for 20.51% of the total liquidation amount. An hour prior to this, the total liquidation amount across all contracts was $15.05 million, with $14.01 million in long positions liquidated, accounting for 93.08% of the total liquidation amount. BTC liquidation amounted to $7.11 million, accounting for 47.27% of the total liquidation amount. This indicates that the market has been experiencing intense volatility recently, and both bulls and bears face substantial risks. The liquidation event serves as a reminder for investors to exercise caution when engaging in contract trading, to implement risk control measures, and to avoid significant losses.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Binance ETH price increased by 6.91% in the past 24 hours, leading to $285 million in liquidations across the network, including $190 million in short positions.
ETH liquidations accounted for 20.51% of total liquidations across the network, making it the primary liquidation asset.
Binance BTC price increased by 1.94% in the past hour, leading to $15.05 million in liquidations across the network, including $14.01 million in long positions.
BTC liquidations accounted for 47.27% of total liquidations across the network, making it the primary liquidation asset.