Amidst geopolitical tensions between Israel and Iran, Bitcoin had a sharp decline on April 19, falling 5.44% in just two hours below its critical $60,000 mark, which it quickly recovered from. The price of bitcoin dropped to $59,698 and then recovered to $61,352.
A startling $34.03 million worth of long Bitcoin positions have already been liquidated, according to data collected over the last four hours.
Crucially, it has been revealed that a price decline to $59,000 may cause the liquidation of long positions valued at almost $243 million, based on insights from CoinGlass data.
A record 92,869 traders have been liquidated in the last 24 hours, for a total of $294.31 million. Notably, OKX – ETH-USD-SWAP had the greatest single liquidation order, valued at $5.03 million.
Local media outlets have reportedly reported on missile strikes on a number of the nation’s military bases and airfields, according to CNN. As a result of these developments, Ether’s (ETH) price has decreased by 3.45% and is currently trading at $2,800, according to Coingecko.
ABC News has revealed that Israel launched a retaliatory assault against Iran early on Friday morning, Hong Kong time (around 1:30 UTC), following allegations from Iranian official television of explosions at the Isfahan airport in central Iran.
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