#Binance liquidates over $200 million#

Recently, a large-scale liquidation event on the Binance platform has attracted market attention. According to data, the total liquidated amount across all contracts in the past 24 hours reached $228 million, with a higher proportion of short positions liquidated at $148 million. In the past hour alone, the total liquidated amount across all contracts reached $12.54 million, with $11.03 million from liquidated short positions. This indicates that there has been significant volatility in the market recently, with many investors who were bearish on Bitcoin being caught off guard by the market reversal, leading to a large number of short liquidations. It is worth noting that the Bitcoin price has increased by 4.30% in the past 24 hours, which may also be the main reason for the short liquidations. While the data is for reference only, this event serves as a reminder to investors that in times of high market volatility, they should be cautious in their operations, implement risk control measures, and avoid significant losses.