#Binance liquidates over $200 million#
Hot Topic Overview
Overview
Recently, Binance has experienced a large-scale liquidation event. In the past 24 hours, the total amount of liquidated contracts across the entire network reached $228 million, with $148 million of liquidations coming from short positions, accounting for over 65%. In the past hour, the amount of liquidations reached $12.54 million, with $11.03 million of liquidations coming from short positions, accounting for over 88%. This liquidation event was primarily concentrated in the BTC contract, with $69.53 million of liquidations in the past 24 hours, accounting for over 30%. This indicates that there is a divergence in market sentiment towards the price trend of BTC, with short positions dominating the market, resulting in a large number of forced liquidations and ultimately triggering a large-scale liquidation event.
Ace Hot Topic Analysis
Analysis
There has been a large-scale margin call event on the Binance platform recently. Data shows that the total margin call amount across all exchanges reached $228 million in the past 24 hours. Of this amount, $148 million was from short positions, accounting for 65% of the total margin call amount. In the past hour alone, the total margin call amount across all exchanges reached $12.54 million, with $11.03 million from short positions, accounting for 88% of the total margin call amount. This indicates that the margin call event mainly affected short position holders. BTC margin calls accounted for 30.47% and 26.86% of the total margin call amount, respectively, indicating that BTC was the main commodity involved in the margin call event. The occurrence of this margin call event may be related to the recent rapid rise in BTC prices. Many short position holders were forcibly liquidated during the price rise, leading to a large-scale margin call.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Binance BTC contract liquidation amount is huge, with $228 million liquidated in the past 24 hours and $12.54 million in the past hour.
This liquidation event mainly focused on short positions, with short position liquidation accounting for more than 50% of the total liquidation amount.
BTC price surged significantly before the liquidation event, with a gain of over 4% in the past 24 hours and over 5% in the past hour.
The liquidation event may be related to the significant rise in BTC price and market sentiment fluctuations.