#Binance liquidation exceeds $200 million#

Recently, there has been a large-scale margin call event on the Binance platform. The total margin call amount across the entire network reached $228 million in the past 24 hours, with $148 million coming from short positions, accounting for 65% of the total margin call amount. This is mainly because Bitcoin's price has surged recently, forcing a large number of short sellers to be liquidated, resulting in huge losses. In the past hour, the total margin call amount across the entire network has reached $12.54 million, with $11.03 million coming from short positions, accounting for 88% of the total margin call amount, once again confirming the severity of the "explosion" of short sellers. This margin call event also reflects the significant divergence in market sentiment regarding the future price trend of Bitcoin. Some investors are overly optimistic, while others are overly pessimistic, ultimately leading to sharp market fluctuations and triggering large-scale margin calls.