Middle East Conflict Triggers Over $100 Million in Crypto Liquidations

The digital currency market experienced significant turbulence on Monday, primarily attributed to escalating conflicts in the Middle East. Crypto enthusiasts incurred losses exceeding $100 million due to sudden liquidations as cryptocurrency prices declined. In the U.S. afternoon, CoinGlass data revealed that long positions, which anticipate price increases, were liquidated, resulting in approximately $105 million in losses. This marked the most significant one-day liquidation event since September 11. The increased tensions between Israel and Hamas, combined with broader Middle East...

source: https://tokenpost.com/Cryptocurrency-Market-Faces-Turbulence-with-100-Million-Loss-due-to-Middle-East-Conflicts-10798

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