💥 Crypto Market Faces Massive $1.79B Liquidations Amid Geopolitical Volatility Today 📉

🔥 Total Liquidations

Over $1.79 billion worth of crypto positions were liquidated in the past 24 hours, marking one of the most significant liquidation events in recent months.

Approximately 185,000 traders were affected, with the majority holding long positions.

Major exchanges such as Binance, and OKX reported the highest liquidation volumes.

📉 Market Impact

Bitcoin (BTC): The price dipped below $100,000 for the first time since May, touching a low of $99,165 before recovering.cryptoslate.com

Ethereum (ETH): Similarly, Ethereum experienced a sharp decline, falling to its lowest point in weeks.

Altcoins: Many altcoins, especially those linked to AI and small-cap tokens, saw declines of 10–20%.

⚠️ Underlying Factors

The market turbulence was triggered by escalating geopolitical tensions, particularly the U.S. airstrikes on Iranian nuclear sites. These events led to a surge in oil prices and heightened uncertainty in global markets. bloomingbit.io+2tradingview.com+2tronweekly.com+2

Traders' over-leveraged positions and a sudden market downturn contributed to the massive liquidation volumes. pintu.co.id+8bloomingbit.io+8coinglass.com+8 $WCT