Crypto Liquidations

The cryptocurrency market has seen a series of large-scale liquidations caused by panic selling. The total amount of positions liquidated exceeded $2 billion.

Nearly $1.5 billion worth of long positions have been liquidated since Friday, while short positions totaled about $500 million. The wave of sales continued on Saturday, when the market experienced another liquidation worth $950 billion.

The largest single liquidation order, worth $8.46 million, was recorded on the Binance cryptocurrency exchange.

Many attribute the current situation to recent geopolitical events such as tensions between Iran and Israel.

However, some analysts believe that the current decline may be temporary and represents an opportunity for long-term investors to purchase crypto assets at lower prices.