Crash

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<ul>
 <li>Crypto market experienced a downturn as $312 million liquidated in 24 hours.</li>  
 <li>High leverage and volatility caused major liquidations.</li>  
 <li>Geopolitical tensions impacted market sentiment and prices.</li> 
</ul>  
<p>The <a href="https://cryptonewsland.com/major-capitulation-event-shakes-crypto-market/" target="_blank" rel="noopener noreferrer nofollow">crypto market</a> has experienced a significant downturn, with $312 million liquidated in the past 24 hours. This massive selloff has left traders and investors reeling. But what is behind this sudden market crash?</p>  
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<h2 class="wp-block-heading" id="h-high-leverage-and-volatility">High Leverage and Volatility</h2>  
<p>One major reason for the massive liquidations is the high leverage used by traders. Leverage allows traders to borrow funds to increase their positions, but it also amplifies risks.&nbsp;</p>  
<p>When the market moves against these leveraged positions, it can trigger a <a href="https://cryptonewsland.com/bitcoin-and-ethereum-face-declines-as-250m-liquidated-in-12-hours/" target="_blank" rel="noopener noreferrer nofollow">cascade of liquidations</a>. In the past 24 hours, both long and short positions have been affected, with $210.94 million in long positions and $95.58 million in short positions being forced to close¹.</p>  
<p>The high degree of leverage in the market signals heightened volatility and risk. Bitcoin, for instance, reached a new all-time high above $73,000, only to see a significant amount of leverage flushed out on exchanges like Binance and OKX. This volatility has been a key factor in the recent liquidations.</p>  
<h2 class="wp-block-heading" id="h-geopolitical-tensions-and-market-sentiment">Geopolitical Tensions and Market Sentiment</h2>  
<p>Geopolitical tensions have also played a significant role in the recent market downturn. <a href="https://coinmarketcap.com/currencies/bitcoin/" target="_blank" rel="noopener noreferrer nofollow">Bitcoin's price</a> dropped by 5.2% after being rejected at the $70,000 price level, largely due to escalating conflicts in the Middle East.&nbsp;</p>  
<p>This pullback affected major altcoins as well, with Solana (SOL) dropping by 10% in the same period. The market sentiment has been heavily influenced by these geopolitical events.&nbsp;</p>  
<p>Traders have been quick to react to news, leading to rapid price movements and increased liquidations. The rejection at key price levels and the ongoing geopolitical tensions have created an environment of uncertainty, further contributing to the market's instability.</p>  
<p>The crypto market's recipient bloodbath, resulting in $312 million in liquidations, can be attributed to high leverage and <a href="https://www.economicsobservatory.com/how-are-geopolitical-risks-affecting-the-world-economy" target="_blank" rel="noopener noreferrer nofollow">geopolitical tensions</a>. Following this development, traders should manage risks and stay informed about market developments.</p>  
<h4 class="wp-block-heading" id="h-read-also">Read Also&nbsp;</h4>  
<ul class="wp-block-yoast-seo-related-links yoast-seo-related-links">
 <li><a href="https://cryptonewsland.com/crypto-covid-crash-repeats-amid-geopolitical-tensions-traders-buy-dip/" rel="noopener noreferrer nofollow">Crypto Covid Crash Repeats Amid Geopolitical Tensions, Traders Buy Dip</a></li>  
 <li><a href="https://cryptonewsland.com/golden-heights-paxgs-surge-amid-middle-east-turmoil/" rel="noopener noreferrer nofollow">Golden Heights: PAXG's Surge Amid Middle East Turmoil</a></li>  
 <li><a href="https://cryptonewsland.com/why-a-40-increase-in-xrp-price-isnt-out-of-reach/" rel="noopener noreferrer nofollow">Why a 40% Increase in XRP Price Isn't Out of Reach</a></li>  
 <li><a href="https://cryptonewsland.com/whats-driving-bitcoins-downward-trend-and-when-will-this-correction-turn-bullish/" rel="noopener noreferrer nofollow">What's Driving Bitcoin's Downward Trend and When Will This Correction Turn Bullish?</a></li>  
 <li><a href="https://cryptonewsland.com/political-tensions-set-bitcoin-bull-run-at-stake/" rel="noopener noreferrer nofollow">Political Tensions Set Bitcoin Bull Run at Stake</a></li> 
</ul> 
<p>The post <a href="https://cryptonewsland.com/312m-liquidated-in-crypto-market-bloodbath/" rel="noopener noreferrer nofollow">$312 Million Liquidated in 24 Hours as Crypto Market Experiences a Bloodbath</a> appeared first on <a href="https://cryptonewsland.com" rel="noopener noreferrer nofollow">Crypto News Land</a>.</p>

$312 Million Liquidated in 24 Hours as Crypto Market Experiences a Bloodbath

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