Geopolitical Shock Triggers $450M Crypto Liquidations
Bitcoin and Ethereum tumbled more than 2% on July 8 as U.S.-Iran military escalations shattered six weeks of ceasefire hopes, triggering approximately $450 million in cryptocurrency liquidations across spot and derivatives markets. The sell-off reflected classic risk-off behavior as geopolitical tensions pushed oil prices higher and drained liquidity from speculative assets, with altcoins bearing the…
