Bitcoin Market Hit by $2B in Liquidations Amid Geopolitical Tensions

The recent surge in global tensions has had a profound impact on the cryptocurrency market, with a significant wave of liquidations being reported.

According to reports, over $2 billion in Bitcoin long positions have been liquidated since May 25, indicating a forced deleveraging event rather than a gradual market correction.

This development is closely tied to the ongoing geopolitical tensions involving Iran, which has led to a broader selloff across global markets. The increased risk-off sentiment has had a direct impact on speculative assets like Bitcoin, highlighting the market's sensitivity to external factors.