Editor's PiCK
Over $1 Billion in Futures Positions Liquidated Following Israel’s Preemptive Strike
YM Lee
Summary
- It was reported that the virtual asset futures market plunged due to Israel’s preemptive strike.
- It was stated that the size of liquidated futures positions reached approximately $1 billion over the past 24 hours.
- The amount of long position liquidations stood overwhelmingly at $935 million, with Binance recording the most liquidations.
As Israel launches a preemptive strike against Iran and Middle Eastern tensions escalate, the virtual asset (cryptocurrency) futures market has experienced a sharp downturn.
According to CoinGlass data on the 13th (local time), the total amount of liquidated cryptocurrency futures positions in the past 24 hours reached approximately $1 billion, with $935 million in long positions (buy) and $69.26 million in short positions (sell).
Binance saw the highest share of liquidations, totaling $428.6 million, followed by Bybit ($320.8 million) and OKX ($110.43 million).
YM Lee
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