This article was prepared using automated systems that process publicly available information. It may contain inaccuracies or omissions and is provided for informational purposes only. Nothing herein constitutes financial, investment, legal, or tax advice.
Over $1.14 billion in crypto positions were liquidated in 24 hours as Bitcoin dropped 5% amid escalating Middle East tensions. Long positions bore the brunt, with binance/?utm_source=CVJ.Ai&utm_medium=glossary&utm_id=CVJ.AI" target="_blank">Binance recording the largest single liquidation. The sell-off mirrored traditional risk assets, challenging Bitcoin’s ‘safe haven’ narrative.
- 91% of $1.14B liquidations were long positions as Bitcoin dropped 5% amid Middle East tensions
- Binance saw the largest single liquidation ($201M) and led exchanges with $456M total liquidations
- Bitcoin's correlation with risk assets challenges its 'safe haven' narrative during geopolitical crises
📎 Related coverage from: cryptoslate.com
Other Tags: OKX