$USDC ♦️ $1.15 billion includes accounts of 243637 traders liquidated in the last twenty-four hours in the cryptocurrency market, according to data from 'CoinGlass' that we reviewed. It is noteworthy that the largest liquidation occurred on the 'Binance' platform with a total exceeding $201.1 million, as this collective decline primarily came in the wake of geopolitical tensions in the Middle East represented by the Israeli attack on Iran.
♦️ The largest cryptocurrency (Bitcoin) dropped by about 2.3% in the last twenty-four hours, affected by the heightened geopolitical tensions in the Middle East due to Israel's attack on Iranian nuclear facilities, which accelerated profit-taking and hedging from high-risk assets, primarily cryptocurrencies.
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