Bitcoin Drops Below $73,000 as U.S. Strikes on Iran Spark $1 Billion Liquidations
CoinGlass said $958.8 million in crypto positions were liquidated as leveraged longs unwound after U.S. strikes on Iran.
- Bitcoin broke below $73,000 for the first time in months on Thursday after fresh U.S. strikes on Iran sent risk assets lower, triggering one of the largest liquidation events of the year.
- U.S. Central Command carried out airstrikes on an Iranian military site near the Strait of Hormuz, reversing market optimism about a 60-day ceasefire and sending oil prices higher.
- CoinGlass data shows $958.8 million in total liquidations over 24 hours across 167,706 traders, with 93% of positions being long bets that traders held expecting recovery.
- Ethereum fell 4.2% to $1,976, losing the $2,000 support level, while Spot Bitcoin ETFs lost $733 million on Wednesday alone, their worst single day in months.
- The U.S. Treasury imposed new sanctions on Iran's Persian Gulf Strait Authority, accusing it of extorting vessels, while President Donald Trump stated, "It's international waters," asserting the U.S. would "watch over it.
28 Articles
28 Articles
Bitcoin drops below $73,000 as U.S. strikes on Iran spark $1 billion liquidations
Crypto majors sold off 3% to 4% and nearly $1 billion in leveraged positions were wiped out after U.S. airstrikes on an Iranian military site near the Strait of Hormuz reignited the conflict markets had started to price out.
Bitcoin drops to $73K amid renewed US strikes on Iran and ETF outflows - Invest In Crypto News
Bitcoin (BTC) is down to around $73K amid ETF outflows and geopolitical tension. Over $2B in ETF outflows and $900M liquidations added selling pressure. The key support sits at $72,650 with RSI near oversold levels at 34.82. Bitcoin slipped below the $73,000 level as a combination of geopolitical escalation, heavy ETF redemptions, and large institutional sell pressure weighed on the market. At the time of writing, Bitcoin was trading around $73,…
Crypto Faces Nearly $1 Billion In Liquidations As Bitcoin, Ethereum Crash
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