#Binance Futures Liquidations Exceed $15 Million#
Hot Topic Overview
Overview
Recently, Binance's futures market has seen a large-scale liquidation, with a total of $285 million in liquidated contracts across the entire network in the past 24 hours. The majority of these liquidations were for short positions. ETH liquidations reached $58.5 million. In the past hour, the total amount of liquidated contracts across the entire network was $15.05 million, with the majority being for long positions. BTC liquidations reached $7.11 million. This indicates that the market is volatile, and investors need to be cautious in their operations, avoid excessive leverage, and manage their risks.
Ace Hot Topic Analysis
Analysis
Recently, there has been a large-scale liquidation on the Binance contract market, with Ethereum (ETH) and Bitcoin (BTC) being the most prominent. 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. ETH liquidation amounted to $58.5 million, accounting for 20.51% of the total liquidation amount. Meanwhile, in the past hour, the total contract liquidation amount across the network was $15.05 million, with $14.01 million from long positions. BTC liquidation amounted to $7.11 million, accounting for 47.27% of the total liquidation amount. This indicates that the market has been experiencing significant volatility recently, and both short and long positions have suffered substantial losses. Investors need to proceed cautiously and manage their risk.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Recently, there was a massive liquidation on Binance's futures market, with a total amount exceeding 150 million USD.
The liquidation mainly concentrated on ETH and BTC futures, with ETH futures liquidation exceeding 58.5 million USD and BTC futures liquidation exceeding 7.11 million USD.
The liquidation was mainly driven by short positions, indicating a strong market expectation for price increases.
Futures trading carries high risks, and investors should operate with caution.