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More than 250,000 people liquidated their positions within 24 hours! Bitcoin "flash crash", diving more than $7,000 in 2 hours

author:Securities Times
More than 250,000 people liquidated their positions within 24 hours! Bitcoin "flash crash", diving more than $7,000 in 2 hours

Bearish raid, virtual currency market intraday diving!

Between 3 a.m. and 5 a.m. on April 14, the price of bitcoin plunged by more than $7,000, from $67,181 to below $60,000, and Ethereum fell from $3,200 to below $2,800.

CoinGlass data shows that within 24 hours, a total of 253,700 people liquidated positions in the virtual currency market, with a total liquidation of 954 million US dollars (about 6.904 billion yuan).

On the news side, in the early morning of the 14th local time, Iran's Islamic Revolutionary Guard Corps began to launch large-scale missile and drone attacks on Israeli targets.

More than 250,000 people liquidated their positions within 24 hours! Bitcoin "flash crash", diving more than $7,000 in 2 hours

Bitcoin fell more than $7,000 at one point

From 3 a.m. to 5 a.m. on April 14, the price of bitcoin plunged by more than $7,000, from $67,181 to below $60,000, and Ethereum fell from $3,200 to below $2,800.

More than 250,000 people liquidated their positions within 24 hours! Bitcoin "flash crash", diving more than $7,000 in 2 hours
More than 250,000 people liquidated their positions within 24 hours! Bitcoin "flash crash", diving more than $7,000 in 2 hours

As of press time, Bitcoin and Ethereum have rebounded. Among them, Bitcoin recovered to $63,750, down nearly 4% on the day, and Ethereum remained below $3,000, down nearly 6% on the day.

According to CoinGlass data, within 24 hours, a total of 253,700 people liquidated positions in the virtual currency market on the entire network, with a total liquidation of 954 million US dollars (about 6.904 billion yuan).

More than 250,000 people liquidated their positions within 24 hours! Bitcoin "flash crash", diving more than $7,000 in 2 hours

Iran launched a large-scale attack on Israel

The direct cause of the sudden collapse of bitcoin this time may be related to the situation in the Middle East.

According to Xinhua News Agency, Iran's Islamic Revolutionary Guard Corps issued a statement in the early morning of the 14th local time, announcing that dozens of missiles and drones had been launched at Israeli targets.

The Islamic Revolutionary Guard Corps Aerospace Forces fired dozens of missiles and drones at Israeli targets in the occupied Palestinian territories, the Islamic Republic of Iran news agency quoted the statement as saying. The attacks were against Israel for numerous "crimes", including a missile attack on the consular building of the Iranian embassy in Syria on April 1, which resulted in the deaths of several Iranian commanders and military advisers in Syria.

According to CCTV news, on the 14th local time, Iran's Islamic Revolutionary Guard Corps issued a second statement on its military operation. In response to Israel's crimes, Iran's Islamic Revolutionary Guard Corps (IRGC) used its strategic intelligence capabilities, missiles and drones to attack important military targets on Israeli territory, successfully hitting and destroying them, the statement said.

The Israel Airports Authority said on the night of the 13th local time that due to the Iranian attack, Israel's airspace was closed from 0:30 local time on the 14th. The Israel Airports Authority said it would update as the situation evolved.

In the early morning of the 14th local time, Iran's defense minister said that any country that opens its airspace or territory to Israel to attack Iran will receive a decisive response from Iran.

According to the flight radar map on the 14th local time, at present, the airspace of Israel, Jordan, Syria, Lebanon, Iraq, and Iran has been completely closed.

Editor-in-charge: Li Dan

Proofreading: Yang Lilin

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More than 250,000 people liquidated their positions within 24 hours! Bitcoin "flash crash", diving more than $7,000 in 2 hours

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More than 250,000 people liquidated their positions within 24 hours! Bitcoin "flash crash", diving more than $7,000 in 2 hours