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CEX Liquidations Soar to $1.16 Billion: How Geopolitical Tensions Are Shaping Crypto Volatility
- CEXs experienced $1.16 billion in liquidations following Israel's strike on Iran, leading to market disruptions.
- Binance and Bybit led in liquidations, contributing over 71% with a total of $834 million.
- Bitcoin, Ethereum, and other cryptocurrencies faced significant declines due to geopolitical tensions.
- Geo-political crisis linked to an Israeli military attack on Iran resulted in a substantial spike in liquidations on centralized exchanges.
- Binance led in liquidations with $458 million, followed by Bybit with $376 million.
- Market volatility intensified as other exchanges such as OKX and Gate.io suffered significant losses.
- Smaller exchanges like HTX and CoinEx also faced notable liquidations during the market crash.
- Bitcoin witnessed the highest liquidation of $448 million, followed by Ethereum with $304 million.
- Solana, Dogecoin, and Ripple also experienced substantial declines in liquidation volumes.
- Bitcoin price dropped to $105,920, while Ethereum decreased by 3.02% to $2,573.
- The high volatility in the cryptocurrency market, especially in Bitcoin and Ethereum, underlines the impact of geopolitical uncertainties.
- The increased liquidations emphasize the risks of trading cryptocurrencies with leverage and the importance of cautious trading practices.
- Analysts warn of potential future volatility due to ongoing geopolitical uncertainties in the Middle East.
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