The cryptocurrency market is facing turbulence as geopolitical tensions between Iran and Israel escalate. Here’s a breakdown of what’s happening:
🔍 Missile Threat on the Horizon: A political reporter, Barak Ravid, shared alarming news on X (formerly Twitter), citing a senior U.S. official. The warning? “The U.S. has indications that Iran is preparing to imminently launch a attack against Israel.” This news quickly spread, amassing over 1.2 million views and causing anxiety in the crypto world.
📉 Crypto Market Reaction: Following these developments, the crypto market has started to decline, with major coins taking a hit:
Binance Coin (#BNB ): -3.2%
Much of this downturn followed the missile threat reports, sparking a wave of selling.
💸 Liquidations Surge: Within just a few hours, traders have liquidated over $351 million worth of positions. Binance experienced the largest single liquidation at $12.37 million on the BTC/USDT pair.
🔴 Bulls Suffer the Most: In the last four hours, long positions worth $50 million have been liquidated, with bulls bearing the brunt of the losses, while bears saw only $3.15 million in liquidations.
As volatility continues, it’s crucial for traders to stay informed and cautious. Trade wisely in these unpredictable times! 🧐
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