Cryptocurrency traders lost $300 million from leveraged short and long position liquidations in the last 24 hours. The liquidation apex occurred amid significant volatility as explosions echoed in Iran under the suspicion of an attack by Israel.
Geopolitical tensions have again brought damaging volatility to the cryptocurrency market a week after Iran’s unprecedented offensive against Israel. On that occasion, crypto traders registered nearly $2 billion in 48 hours of liquidations, mostly from long positions.
Now, 90,133 traders have lost $291.12 million in 24 hours, with Bitcoin (BTC) leading with $107.44 million. Finbold retrieved the liquidation data from CoinGlass a few hours after the attack.
Notably, the liquidations registered on April 19 were far more balanced than the previously reported event. Long-position crypto traders lost $154.92 million, while short-sellers lost $136.20 million. This resulted from a flash crash, followed by a quick correction upwards, aff
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