#Binance Liquidates Over $200 Million#
Hot Topic Overview
Overview
Binance has recently experienced a large-scale liquidation event, with a total of $228 million in contract liquidations across the entire network in the past 24 hours. Of this, $148 million was from short positions, accounting for 65% of the total liquidations. In the past hour alone, the total contract liquidations across the network reached $12.54 million, with $11.03 million from short positions, accounting for 88% of the total liquidations. This indicates that the market has been experiencing extreme volatility recently, with short sellers suffering heavy losses and long buyers reaping significant profits.
Ace Hot Topic Analysis
Analysis
Recently, Binance platform experienced a massive liquidation event. Data shows that the total contract liquidation amount across all exchanges reached $228 million in the past 24 hours, with short positions accounting for a larger proportion at $148 million. Specifically, BTC liquidation amounted to $69.53 million, representing 30.47% of the total liquidation amount. In the past hour, the total contract liquidation amount across all exchanges reached $12.54 million, of which $11.03 million was from short positions and $3.36 million was from BTC, accounting for 26.86% of the total liquidation amount. The main reason behind this liquidation event is the significant divergence in market expectations for BTC price movements. Excessive short positions were taken, while BTC price saw a sharp rise recently, leading to stop-loss closures of short positions, triggering a chain reaction and ultimately resulting in massive liquidations.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Binance BTC contract liquidation amount is huge, the liquidation amount in the past 24 hours exceeded 200 million US dollars
Short positions are the main liquidation positions, accounting for more than half of the total liquidation amount
BTC price rise is the main reason for liquidation
Data is for reference only and does not constitute investment advice