【📉 Binance security incident rocks the market! $1.5 billion in leveraged positions liquidated in 24 hours】
🌟 加入X先生的粉丝群聊跟进
Following a major security incident at Binance, the crypto market saw a sharp sell-off. The hardest hit may not be spot investors, but traders who used leverage to bet on prices going up!
According to CoinGlass data, about $1.53 billion worth of crypto futures positions were liquidated across the market over the past 24 hours. Long positions accounted for as much as 83.8%, or about $1.29 billion.
Put simply, a large number of investors betting that Bitcoin and other cryptocurrencies would rise saw their positions forcibly closed by trading platforms after prices fell.
💥 Which coins and platforms were hit hardest?
BTC: about $499 million liquidated
ETH: about $358 million liquidated
SOL: about $82.6 million liquidated
XRP: about $38.1 million liquidated
By platform, Binance saw about $755 million in liquidations—nearly half the market total—followed by Hyperliquid and Bybit.
⚠️ Why did this downturn trigger such large-scale liquidations?
The reason is the chain reaction caused by leveraged trading.
When prices fall, some long positions hit their liquidation thresholds, prompting platforms to automatically sell the assets. These forced sales put further downward pressure on prices, triggering liquidations of even more positions.
This is known as “longs liquidating longs.”
More notably, as Bitcoin rebounded from its lows, some short sellers also began to be forcibly liquidated, meaning both long and short positions were liquidated in succession.
📌 This incident shows that it’s not just bad news that amplifies market declines; the chain reaction of liquidations caused by high leverage plays a part too.
When unexpected risks hit the market, the higher the leverage, the less room you have to absorb losses.
Going forward, in addition to following developments related to the Binance security incident, keep an eye on futures open interest and liquidation data. Understanding how capital flows and leverage affect prices can help you avoid focusing only on the downturn while overlooking the market structure behind it.
#加密杠杆头寸24小时清算15亿美元
🌟 加入X先生的粉丝群聊跟进
Following a major security incident at Binance, the crypto market saw a sharp sell-off. The hardest hit may not be spot investors, but traders who used leverage to bet on prices going up!
According to CoinGlass data, about $1.53 billion worth of crypto futures positions were liquidated across the market over the past 24 hours. Long positions accounted for as much as 83.8%, or about $1.29 billion.
Put simply, a large number of investors betting that Bitcoin and other cryptocurrencies would rise saw their positions forcibly closed by trading platforms after prices fell.
💥 Which coins and platforms were hit hardest?
BTC: about $499 million liquidated
ETH: about $358 million liquidated
SOL: about $82.6 million liquidated
XRP: about $38.1 million liquidated
By platform, Binance saw about $755 million in liquidations—nearly half the market total—followed by Hyperliquid and Bybit.
⚠️ Why did this downturn trigger such large-scale liquidations?
The reason is the chain reaction caused by leveraged trading.
When prices fall, some long positions hit their liquidation thresholds, prompting platforms to automatically sell the assets. These forced sales put further downward pressure on prices, triggering liquidations of even more positions.
This is known as “longs liquidating longs.”
More notably, as Bitcoin rebounded from its lows, some short sellers also began to be forcibly liquidated, meaning both long and short positions were liquidated in succession.
📌 This incident shows that it’s not just bad news that amplifies market declines; the chain reaction of liquidations caused by high leverage plays a part too.
When unexpected risks hit the market, the higher the leverage, the less room you have to absorb losses.
Going forward, in addition to following developments related to the Binance security incident, keep an eye on futures open interest and liquidation data. Understanding how capital flows and leverage affect prices can help you avoid focusing only on the downturn while overlooking the market structure behind it.
#加密杠杆头寸24小时清算15亿美元
