OVER $1 BILLION LIQUIDATED FOLLOWING ISRAEL -IRAN CONFLICT!

The recent escalation of conflict between Israel and Iran has sent shockwaves through the cryptocurrency market, resulting in a massive $1.1 billion liquidation in just 24 hours. This significant market movement is attributed to Israel's reported pre-emptive strike on Tehran, which triggered a state of emergency and drove the crypto market into a freefall .

Key Statistics:

-Total Liquidation: $1.15 billion in 24 hours, with $1.04 billion coming from long positions.

Bitcoin Price Drop: Fell from $108,000 to $103,500, marking a decline of over 4%.

Altcoin Losses: Tokens like Pi Network, Solana, and Cardano faced significant declines, with some dropping up to 16% in an hour.

Market-Wide Impact: Over 247,769 traders were forced out of their positions, and the overall market is down by 6.6% to 8%

Affected Cryptocurrencies:

-Bitcoin (BTC): Dropped from $108,000 to $104,112, a 3.5% decline.

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Ethereum (ETH): Fell 9.3% in 24 hours, hitting below $2,550.

Solana (SOL): Lost nearly 10% in value.

Fartcoin (FARTCOIN) and Ethena (ENA): Suffered double-digit losses of 17.3% and 15.9%, respectively

The crypto market's sensitivity to geopolitical events is evident, with investors exercising caution amid rising tensions. As the situation develops, market participants should remain vigilant and balance risk management with strategic opportunities .#MarketPullback I #IsraelIranConflict #BinanceHODLerHOME $BTC $ETH