On April 19, Bitcoin drastically dropped 5.44% in just two hours below its crucial $60,000 before rapidly reclaiming itself amid the geopolitical tensions between Israel and Iran. Bitcoin’s price went to $59,600 before recovering back to $65,000.
In a pivotal revelation, it’s been highlighted that a drop in price to $59,000 could trigger the liquidation of approximately $243 million worth of long positions, according to insights from CoinGlass data.
Within the span of the last four hours, data indicates that a staggering $34.03 million in Bitcoin-long positions have already been liquidated.
Over the past 24 hours, a staggering 92,869 traders have been liquidated, totaling $294.31 million in liquidations. Notably, the largest single liquidation order occurred on OKX – ETH-USD-SWAP, valued at $5.03 million.
Amid reports from Iranian state media of explosions at Isfahan airport in central Iran, ABC News has disclosed that Israel launched a retaliatory strike against Iran early Friday morning Hong Kong time (around 1:30 UTC).
According to CNN, local media have reported missile strikes on various military bases and airfields in the country. In reaction to these events, the price of Ether (ETH) has dropped by 3.45%, trading at $2,800, according to Coingecko.
Also Read: Bitcoin’s 800% Surge Since Last Halving Outshines Gold, Anthony Pompliano
