While the tension between Iran and Israel peaked again last night after months, this situation caused serious damage to the markets. Lastly, the two countries had organised drone attacks on each other in April. However, this time it seems to be even more serious. Iran’s strike on Israel yesterday with more than 200 long-range missiles negatively affected cryptocurrencies, such as the US stock markets.

While Bitcoin fell below $61 thousand, the loss in futures positions was also great. In the last 24 hours, the value of the liquidated futures position has exceeded $550 million. Long positions accounted for $480 million of this figure.

Positions of $144 million in Bitcoin and $118 million in Ether were liquidated.

The stock exchange with the most liquidation was Binance with $272 million. In second place is the OKX exchange with $181 million.

Israeli Prime Minister Netanyahu said yesterday evening that Iran would pay a heavy price for its attack. The attack and Israel’s statement that it will respond further increases the fear of a regional war.

Bitcoin is trading around $61,150 in the minutes the news was written.