The recent market volatility, driven by tensions in the Middle East, has had a significant impact on cryptocurrency prices and the broader market. Bitcoin (BTC) has dropped below $61,000, and Ethereum (ETH) fell below $2,500. In the past 24 hours, approximately 155,000 accounts have been liquidated, leading to a total liquidation amount of $533 million. Notably, long positions accounted for $451 million of these liquidations. The largest single liquidation took place on Binance, where a BTCUSDT trade worth $12.6646 million was liquidated.
This significant liquidation event highlights how geopolitical uncertainty can ripple through financial markets, affecting both traditional and digital assets.
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