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Rapid liquidation response highlights geopolitical influence on digital asset markets amid Middle East tensions.
Bitcoin dipped from $65,500 to $63,700 as markets reacted to Israel’s preventative strike on Iran and the sweeping emergency measures that followed.
The sudden escalation in Middle East tensions sent traders scrambling out of leveraged bets, with crypto among the hardest-hit asset classes in the immediate aftermath.
Within minutes of the headlines breaking, roughly $100 million in long positions were liquidated across major exchanges, according to derivatives data.
Following the attack, the Israel Defence Forces warned of possible missile retaliation and imposed a nationwide halt on schools, workplaces, and gatherings, exempting essential sectors.
This is a developing story.
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