Iran's artillery fire triggered a "bloodbath" in cryptocurrency! 150,000 people were liquidated, and $500 million evaporated in an instant!
Iran launched hundreds of ballistic missiles at Israeli cities. This sudden attack not only shocked the international community, but also set off a bloody massacre in the cryptocurrency field. According to local news media reports, the conflict quickly triggered panic in the market, resulting in nearly $500 million in liquidations in the cryptocurrency market in a short period of time, and the entire market sentiment instantly turned bearish.
In this storm, more than 160,000 cryptocurrency traders had to face the cruel reality, and their long and short positions were liquidated in large quantities in a short period of time. According to statistics, the total amount of these liquidations was as high as $524 million, of which the liquidation amount of long positions was close to $449 million, while short positions suffered a liquidation of $79 million. Such a large-scale liquidation undoubtedly exacerbated the panic atmosphere in the market, causing prices to fall further, and shorts began to gradually gain the upper hand.
In this turmoil, some mainstream cryptocurrencies were not spared. The prices of cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), Solana (SOL) and Binance Coin (BNB) have all fallen sharply. Although the prices of these currencies have fluctuated in the past 24 hours, the Iranian attack has undoubtedly exacerbated their declines. According to data from CoinMarketCap, Bitcoin fell by 1.85%, Ethereum fell by 3.2%, Solana and Binance Coin fell by 4.5% and 3.4% respectively. Compared with these published data, the actual decline in the market after the attack is even more shocking.
