Bitcoin is Falling – Here’s the Probable Reason for the Recent Decline and the Latest Data

According to the data, there is a sudden decline in the price of Bitcoin. BTC price has lost more than 1% in the last 30 minutes.

It is thought that the decrease in price is due to the increase in tension between Israel and Iran.

The Iranian state television presenter said, “in the coming hours, the world will witness extraordinary scenes and very important developments” in his live broadcast program focusing on Tehran’s retaliation against Israel after the killing of Hamas leader Ismail Haniye in Tehran.

Three hours ago, Mohammad Marandi, an advisor to Iran’s Ministry of Foreign Affairs, tweeted a photo of a missile with the words “leave, it’s coming.”

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In these minutes when tension increases, BTC price is traded around $ 62,400. Let’s also add that no candle wick has been placed below $ 62,000 yet.

On the other hand, liquidation data also became interesting with the increase in volatility. According to the data, a total of 13 million dollars of liquidation took place in the last hour. Of these, $10.58 million was in long positions.

According to 24-hour data, it is seen that there is a liquidation of 254 million dollars in the cryptocurrency market, of which 190 million dollars is in long positions and the rest is in short positions.

*This is not investment advice.

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