news 
Title: Crypto Liquidations Today Wipe Out 185,000 Traders and $647 Million!
Date: June 23, 2025
The crypto market has taken a drastic turn today, as the escalation of Middle East tensions has triggered an unprecedented wave of liquidations. As reported by Coinpedia, the current market situation is a result of external factors influencing the market sentiments.
Within the last 24 hours, it appears that over $647 million worth of cryptocurrency positions were liquidated, affecting approximately 185,000 traders. This significant event highlights the risks and unpredictability associated with the crypto space.
In this turbulent period, we witnessed an extreme shift in market dynamics. The fear and uncertainty caused by recent global events have triggered a panic sell-off, leading to this catastrophic outcome.
As a result of these extraordinary circumstances, some traders were left scrambling as their long positions turned into unexpected losses. In particular, Bitcoin (BTC) and Ethereum (ETH), two of the most significant cryptocurrencies in the market, experienced substantial declines, with 1.27% and 1.99% losses respectively.
Source: coinpedia.org
