Data: Binance liquidated 800 million USD in the last 24 hours, accounting for nearly 40% of the total liquidations in the market

According to CoinGlass data, in the past 24 hours, the liquidation amount on Binance contracts was approximately 800 million USD, accounting for 39.3% of the total liquidation amount in the market (2.027 billion USD), ranking first among all trading platforms.

The liquidations on Binance were primarily long positions: long position liquidations amounted to approximately 734 million USD, accounting for 92.2% of the total liquidations on the platform; short position liquidations were approximately 62.33 million USD. During the same period, the largest single liquidation in the entire market also occurred on Binance, involving a long position of approximately 16.17 million USD in ETH/USDT.