Over $335 million in cryptocurrency positions were liquidated in the past hour following reports of Israel launching strikes on Iran, triggering a sharp sell-off in the crypto market. Bitcoin and other major cryptocurrencies, such as Ethereum and Solana, experienced significant price drops as investors reacted to heightened geopolitical tensions in the Middle East. The rapid liquidations, primarily affecting long positions, highlight the crypto market’s sensitivity to sudden global events, with Bitcoin briefly falling below key support levels.
