Crypto Liquidations Nears $1 Billion in 24 Hours as US Strikes Iran Again
BeInCrypto
Renewed US-Iran military tensions triggered nearly $1 billion in crypto liquidations, disproportionately affecting traders holding leveraged long positions.Summary
Cryptocurrency markets faced a major sell-off as fresh US military strikes against Iranian targets shattered recent hopes for a ceasefire. Within 24 hours, liquidations reached $934.24 million, resulting in the clearing of approximately 167,400 trader accounts. Data from CoinGlass indicates that 93% of these liquidations involved long positions, as Bitcoin and Ethereum prices dropped amid broader geopolitical uncertainty and rising oil prices. The market volatility follows stalled diplomatic talks, leaving investors to monitor funding rates and support levels near $70,000 for signs of sentiment stabilization.
(Source：BeInCrypto)