Crypto Liquidations Surge to $1.7 Billion Amid Heightened Market Volatility
Nearly $1.7 billion in crypto liquidations occurred in 24 hours due to market volatility driven by US-Iran tensions.Summary
The cryptocurrency market experienced a sharp downturn, resulting in nearly $1.7 billion in liquidations over the past 24 hours, coinciding with a 6% decline in total market capitalization, largely attributed to escalating US-Iran tensions. Long positions accounted for the vast majority of these forced closures, totaling $1.57 billion, with Bitcoin liquidations reaching $768.69 million and Ethereum liquidations hitting $417.43 million. This deleveraging event saw Bitcoin and Ethereum slide to two-month lows, although prices recovered slightly by press time. Market sentiment deteriorated sharply, pushing the Crypto Fear & Greed Index to an extreme fear level of 16, and on-chain data indicated panic selling by major players, reflecting a challenging environment across crypto and traditional markets.
(Source：BeInCrypto)