Iran, a big news! Bitcoin fell below $60,000, and 62,000 people were liquidated!
According to Israeli intelligence, Iran is preparing to directly attack Israel in retaliation for the assassination of Hamas leaders in Tehran, and it is likely to take action within a few days.
Iran is considering canceling its plan to retaliate against Israel in exchange for a ceasefire in Gaza. However, Hamas announced last Sunday local time that it rejected the invitation of the United States, Qatar and Egypt to participate in the final round of negotiations on the Gaza hostage and ceasefire agreement scheduled for Thursday.
It was said that when the cannon sounded, gold was worth a thousand taels. However, Bitcoin, as "digital gold", fell below $60,000, and the panic index returned to 25 (extreme fear) again.
According to the liquidation information, a total of 62,000 people were liquidated in the past 24 hours, with a total liquidation amount of $160 million, of which long orders were liquidated for $130 million, and the largest single liquidation amount was $2.1686 million. The safe-haven attribute of "digital gold" seems to no longer exist.
In the past week, cryptocurrencies have experienced a "roller coaster" trend, resulting in many leveraged investors being liquidated, which further exacerbated the market's selling pressure and price declines. In the current market, I think it is necessary to reduce leverage and hold on to spot. Many negative factors are only short-term, even emotional, and have little impact on the fundamentals of Bitcoin.