🛑 Iran approved the possible closure of the Strait of Hormuz
💥 $150M has been liquidated in the crypto market in one hour!
📉 According to data from BlockBeats and Coinglass: — $142M was on longs
— $7.64M — on shorts
⚠️ Reason — the market reacted sharply to the news:
The Iranian parliament approved a measure regarding the possible closure of the Strait of Hormuz — a key route for global oil trade.
🛡 However, the final decision rests with Iran's Supreme National Security Council.
📊 This may cause further volatility in the crypto market.
⚠️ DYOR. You bear full responsibility for your actions.
