How Geopolitical Tensions Are Shaping Crypto Volatility
- CEXs experienced $1.16B in liquidations after Israel’s strike on Iran caused major market disruptions.
- Binance and Bybit led liquidations, accounting for over 71%, totaling $834 million combined.
- Bitcoin, Ethereum, and other cryptocurrencies faced steep declines due to rising geopolitical tensions.
Analytical platform, CryptoDiffer, has noted an enormous sum of $1.16 billion in liquidations on centralized exchanges (CEXs) in the past day. This sudden spike can mainly be blamed on the geopolitical crisis that occurred as a result of an Israeli military attack on Iran. This attack scared the Major exchanges in the world and resulted in a sharp decline in the value of Bitcoin, leading to massive liquidations on the leading…
