Binance contract trading volume explosion and liquidation profits in 24 hours news highlights: Leverage storm sweeps, profits and destruction coexist
The cryptocurrency market experiences severe fluctuations under the Federal Reserve's hawkish remarks, with Binance contract trading volume surging 8.8% to $76.49 billion in 24 hours, accounting for over 45% of global futures share. The ETH/USDT pair leads with $19.6 billion, followed closely by BTC/USDT at $17.4 billion, with a total position reaching $26.97 billion, down 0.36% month-on-month, as excessive long leverage piles up risks.
Sudden flash crash triggers "liquidation massacre": total network liquidation exceeds $514 million, with Binance alone taking in $144.6 million, of which 76% are long liquidations, affecting 155,000 traders, with the largest single BTC position of $23.18 million evaporating in Hyperliquid.
Altcoin futures are even more brutal, with BIGTIME and ORDI leading the decline, liquidations exceeding $250 million in 24 hours. The Terra ecosystem's LUNA/LUNC/USTC surged 70% before crashing due to Do Kwon's December 11 ruling, evaporating $11 million in bets.
Profit highlights emerge: StandX launches contract points activity on the mainnet, trading volume equals points, Binance wallet users enjoy a 10% bonus, and in 4 weeks, BSC's second-tier PerpsDex benefits from a trading surge, Aster's hundredfold sample reappears.
$WET contract doubles in profit after launch, Jupiter DTF's first project's FDV is low and transparent, preventing Bot upgrades from attracting capital.
The community discusses the "10-second closing order to avoid pitfalls" strategy, with the fear and greed index dropping to 28. Experts warn that this round of leverage reset may lead to a larger correction, but profit experts continue to hedge their bets against losses with points. In the 2025 contract battlefield, risk is opportunity; follow the ETH/BTC rotation quickly, and avoid repeating liquidations!
