🚀【Cryptocurrencies plunge again as tensions in the Middle East escalate】

Major cryptocurrencies plunged again on Sunday as geopolitical tensions in the Middle East intensified following Hezbollah's missile attack on Israel yesterday.

A total of 62,754 traders were liquidated in the past 24 hours, with a total liquidation of $161.83 million. About $124 million in bullish bets were wiped out.  

Bitcoin open interest fell nearly 3%. The drop in open interest coincided with a drop in price, indicating that long positions were being liquidated.

The market is once again in "extreme fear" mode, according to the Crypto Fear and Greed Index, which fell to 25. This suggests that investors are worried, which could lead to a surge in selling.

Equity futures were slightly lower late Sunday. As of 8:45 p.m. ET, Dow Jones Industrial Average futures fell 50 points, or 0.12%. Futures tied to the S&P 500 fell 0.08%, while Nasdaq 100 futures fell 0.01%.

The market is looking to recover from last week's downturn caused by the unwinding of the yen carry trade and concerns about slowing economic activity. Investors will focus on key inflation-related data this week as the producer price index and consumer price index for July are about to be released.

The market will continue to fluctuate sharply for quite a long time. The crypto market is subject to too many influences. Everyone should be cautious in operation. The pullback can ambush the high-quality spot bottom.

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