Bearish
Crypto Market Plunges After Hormuz Airstrikes Trigger $897M in Long Liquidations
28.05.2026 13:48
The cryptocurrency market experienced a sharp decline following airstrikes in the Strait of Hormuz, resulting in a massive $897 million in long position liquidations. Bitcoin (BTC) and Ethereum (ETH) led the sell-off as geopolitical tensions escalated, causing a cascade of margin calls and forced closures across major exchanges. The sudden drop wiped out leveraged positions, with altcoins like XRP and SOL also suffering significant losses. Analysts warn that further volatility could ensue if the conflict disrupts global energy supplies, impacting risk assets including crypto.
🎉 Be the first to comment!
Share your opinion, ask a question or just say hello!