Crypto Shorts Take $633M Hit In 24 Hours As BTC Breaks $78K On Hormuz ReopeningCrypto markets saw nearly $800 million in liquidations over the past 24 hours as Bitcoin broke above $78,000 on news that Iran declared the Strait of Hormuz fully open. According to CoinGlass data, 178,154 traders were liquidated for a total of $796.57 million.Short positions absorbed almost all of the pain. Shorts were liquidated for $633.67 million, nearly four times the $162.86 million hit to longs. $BTC liquidations alone rea ...

According to Binance market data, BTC briefly fell below $70,000 and is currently trading at $70,131, down 5.34% in 24 hours. This marks the first time Bitcoin has dropped below $70,000 since November 2024, a span of approximately 15 months. Additionally, ETH fell to $2,095, a 24-hour decline of 6.96%. According to CoinGlass, total liquidations over the past 24 hours reached $951 million, with long positions accounting for $790 million. https://t.co/eAPwxPyCjl ...

Market Trends - Crypto market is consolidating, with funds rotating to BTC and ETH [1] - Investors favor delta-neutral and carry strategies over directional altcoin bets [1] Price Movement - BTC rebounded to around $92,000 after $2 billion liquidations last week [1] Market Volatility - Market volatility remains high [1] Macro Factors - Market participants are awaiting Fed and macro signals [1]

According to Binance market data, BTC fell to a 24-hour low of $99,840.00 and is now trading at $100,000.02, down 1.33% over the past 24 hours. ETH dropped to a 24-hour low of $3,268.67 and is now trading at $3,274.20, down 3.28% in the same period. Coinglass data shows that in the last 24 hours, total liquidations reached $463 million, with $342 million coming from long positions. https://t.co/yNo7LD5bBA ...

Fairly shocked that Hyperliquid TVL is only down 7%Only down $140M after $9B in liquidations? https://t.co/RenWU1zu4t ...

Market Trends & Potential Risks - The industry is observing potential Bitcoin liquidations [1]

Yes we know about the GAZILLION dollar liquidationsShut up or send it.Wendy O (@CryptoWendyO):WHAT IS WRONG WITH YOU ANIMALS?!Bitcoin break below $110,000*Good thing there is unlimited wine and cake in the lounge. https://t.co/1RvNBdUWJf ...

Risk Management - Hyperliquid will introduce new safeguards following XPL pre-market liquidations driven by a crypto whale [1] Market Dynamics - The event involved pre-market liquidations of XPL, influenced by a large crypto whale [1]