šØ Crypto Market Facing Major Drop! Here's Why šØ
It looks like the cryptocurrency market is headed for a sharp decline, possibly crashing soon, due to rising tensions between Iran and Israel. šš„
š¢ Political journalist Barak Ravid shared on X (formerly Twitter) during the opening of the US stock market that Iran is preparing to launch a ballistic missile attack on Israel.
š„ Tensions Heating Up Between Iran and Israel** š„
Barak revealed, "A Senior White House official told me: āThe U.S. has intel suggesting Iran is preparing to imminently launch a attack on Israel.ā"
This post quickly went viral, capturing the attention of the crypto world and racking up over 1.2 million views in just a few hours. šš
š Crypto Market Reaction: Decline Begins š
As of now, the overall crypto market is in decline. Major coins like Bitcoin (BTC), Ethereum (ETH), Solana (SOL), and Binance Coin (BNB) have seen drops of 4.5%, 6.5%, 4.6%, and 5.2% in the last 24 hours. šš»
Most of this dip followed the breaking news of the potential missile strike.
šø Traders Face Massive Liquidations: $351.21 Million Wiped Out šø
Following the news, traders have liquidated a whopping $351.21 million, per data from on-chain analytics platform Coinglass.
The largest liquidation took place on Binance, involving a BTC/USDT pair worth $12.37 million. š„šŖ
In the past four hours alone, bulls have faced the hardest hit, with $50 million worth of long positions liquidated, while bears saw $3.15 million wiped out. šš vs š»$BNB
