Cryptocurrency

World

April

<div class="finbold">
 <p class="paragraph">Cryptocurrency <a rel="noopener noreferrer nofollow" title="traders" href="https://thebittimes.com/tag/traders.html">traders</a> lost $300 <a rel="noopener noreferrer nofollow" title="million" href="https://thebittimes.com/tag/million.html">million</a> from leveraged short and long position liquidations in the last 24 <a rel="noopener noreferrer nofollow" title="hours" href="https://thebittimes.com/tag/hours.html">hours</a>. The liquidation apex occurred amid significant volatility as <a rel="noopener noreferrer nofollow" title="explosions" href="https://thebittimes.com/tag/explosions.html">explosions</a> echoed in Iran under the suspicion of an attack by Israel.</p>
 <p class="paragraph">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.</p>
 <p class="paragraph">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 <em>CoinGlass</em> a few hours after the attack.</p>
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 <p class="paragraph">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, affecting both sides of the trading spectrum.</p>
 <figure class="wp-block-image size-large"><img decoding="async" width="1024" height="348" src="https://cdn.thebittimes.com/images/2024/04/19/b443dfb4e6ed7875374671cbb005347d.webp" alt class="wp-image-170094" srcset="https://cdn.thebittimes.com/images/2024/04/19/b443dfb4e6ed7875374671cbb005347d.webp 1024w, https://cdn.thebittimes.com/images/2024/04/19/b443dfb4e6ed7875374671cbb005347d.webp 300w, https://cdn.thebittimes.com/images/2024/04/19/b443dfb4e6ed7875374671cbb005347d.webp 768w, https://cdn.thebittimes.com/images/2024/04/19/b443dfb4e6ed7875374671cbb005347d.webp 1536w, https://cdn.thebittimes.com/images/2024/04/19/b443dfb4e6ed7875374671cbb005347d.webp 1830w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption">
   Liquidation heatmap on April 19. Source: <em>CoinGlass</em>
  </figcaption>
 </figure>
 <h2 class="wp-block-heading" id="h-unconfirmed-israel-s-attack-amid-explosions-in-iran">Unconfirmed Israel’s attack amid explosions in Iran</h2>
 <p class="paragraph">Interestingly, U.S. officials have told <em>CBS News</em> “that an Israeli missile hit Iran in the early <a rel="noopener noreferrer nofollow" title="hours" href="https://thebittimes.com/tag/hours.html">hours</a> of Friday,” reported <em>BBC</em> this morning.</p>
 <p class="paragraph">However, according to a <em>Reuters</em> report, the two countries involved in the conflict have not yet confirmed the attack’s origin. As reported, the Iranian media described explosions in Iran, which they said resulted from its air defense hitting three drones. Yet, an Iranian official was unable to confirm its source.</p>
 <blockquote class="wp-block-quote">
  <p class="paragraph">“The foreign source of the incident has not been confirmed. We have not received any external attack, and the discussion leans more towards infiltration than attack,” the official said.</p>
 </blockquote>
 <h2 class="wp-block-heading" id="h-iran-israel-escalation-effects-on-financial-markets-and-crypto-traders">Iran-Israel escalation effects on financial markets and crypto traders</h2>
 <p class="paragraph">In financial markets, global shares eased, oil prices surged, and U.S. bond yields fell as traders worried about the risks. Meanwhile, cryptocurrencies registered huge volatility that punished long- and short-leveraged crypto traders.</p>
 <p class="paragraph">This Iran-Israel conflict escalation has raised fears of global impact, and the world’s eyes are turned to the Middle East. From an economic perspective, the markets are pricing war risks, and capital is outflowing from speculative assets while inflowing to solid hedges, like gold and silver.</p>
 <p class="paragraph">Nevertheless, crypto traders find balance amid positive expectations regarding the Bitcoin halving at block height 840,000, which is awaited today.</p>
</div>
<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/crypto-traders-lost-300-million-hours-after-explosions-in-iran-tbt85777.html">https://thebittimes.com/crypto-traders-lost-300-million-hours-after-explosions-in-iran-tbt85777.html</a></p>

Crypto traders lost $300 million hours after explosions in Iran

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