TLDR Tech / Crypto
Bitcoin Falls Below $73,000; US Strike on Iran causes $959M Liquidations
Bitcoin dropped below $73,000 on May 28, its lowest level in months, after US Central Command struck Iranian military facilities near the Strait of Hormuz and shot down four Iranian drones targeting commercial vessels. The geopolitical shock triggered $958.8 million in total liquidations over 24 hours, with long positions accounting for roughly $897 million, Bitcoin liquidations alone hitting $386 million, and ETH following with $246 million.
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