⭐⭐The Cost Was Heavy for Bitcoin and Altcoins: Over 1 Billion Dollars Liquidated!⭐⭐

The rising geopolitical tension following Israel's attacks on Iran has led to a total liquidation of leveraged positions worth 1.14 billion dollars in the cryptocurrency market in the last 24 hours. As tensions in the Middle East increased, investors' risk perception strengthened, and the markets faced severe selling pressure. During this process, Bitcoin (BTC) lost more than 4% of its value, falling to around 103,000 dollars, while Ethereum (ETH) dropped over 10% to 2,468 dollars. Due to the intense selling wave in the market, 246,719 investors had their positions liquidated within 24 hours. The total liquidation amount reached 1.14 billion dollars, with 1.04 billion dollars originating from long positions. Most of the liquidations occurred on Binance and Bybit exchanges. Positions worth 455.82 million dollars were liquidated on Binance, while 370.85 million dollars were liquidated on Bybit, and the liquidation amount on OKX was 125.68 million dollars. The highest liquidation was seen in Bitcoin and Ethereum. Bitcoin investors lost a total of 443.88 million dollars, while Ethereum investors lost 290.20 million dollars. These two cryptocurrencies were followed by Solana (SOL) with liquidations of 51.97 million dollars and Dogecoin (DOGE) with 25.61 million dollars.

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