In the past 24 hours, 572,000 people have been liquidated across the network, far exceeding the '312 crash' event,

In the past 24 hours, the total liquidation of contracts reached 1.712 billion USD, mainly long positions.

Last night, basically three times the positions were liquidated, and there are rumors in the market that this was led by Binance, pulling orders and worsening depth, in coordination with the market makers to dump.

The contracts were cleaned out, but there are no issues with the spot market. ​​​