#Binance BTC Liquidation Reaches $228 Million#
Hot Topic Overview
Overview
Recently, there has been a large-scale margin call event on the Binance platform, mainly concentrated on BTC contract trading. According to data, the total margin call amount across all exchanges in the past 24 hours reached $228 million, with short positions accounting for the majority at $148 million. In the last hour alone, the total margin call amount across all exchanges reached $12.54 million, with short positions accounting for $11.03 million. This indicates that there are significant divergences in market sentiment regarding the future price trend of BTC, with bearish sentiment being stronger, resulting in a large number of short positions being liquidated.
Ace Hot Topic Analysis
Analysis
Recently, there was a large-scale BTC liquidation event on the Binance platform, with a total amount of $228 million. Data shows that in the past 24 hours, the total amount of liquidated contracts across the network was $228 million, of which short positions liquidated reached $148 million, accounting for 65% of the total liquidated amount. In the past hour alone, the total amount of liquidated contracts across the network reached $12.54 million, of which short positions liquidated amounted to $11.03 million, accounting for 88% of the total liquidated amount. This indicates that the liquidation event was mainly caused by the forced liquidation of short positions. Analysts believe that the liquidation event may be due to the divergence of market expectations on the price trend of BTC, leading to the forced liquidation of some short positions when the price of BTC rose. In addition, the recent increase in market volatility has also increased the risk of liquidation.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Binance BTC contract trading experienced a large-scale liquidation, with a total amount of $228 million.
This liquidation event mainly focused on short positions, with short liquidation accounting for over 65% of the total liquidation amount.
BTC price has increased by 4.30% in the past 24 hours, which may be the main reason for the short liquidation.
The liquidation event reminds investors to pay attention to risk control and avoid excessive leverage operations.