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Liquidations spike ahead of Bitcoin halving event and escalations in Middle East

Trader liquidations in centralised exchanges spiked heading into the Bitcoin halving event. In the span of a few hours liquidations reached $300 million across all assets.

Liquidations spike ahead of Bitcoin halving event and escalations in Middle East

Long positions got liquidated as BTC dropped under $60k on news that Israel launched retaliatory strikes against Iran. Followed by a spike in short liquidations a few hours later as details of the strikes indicated a very limited attack, with no human consequences or huge damages. Bitcoin has since recovered losses and is currently trading above $64k.

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