Crypto Market Declines, 130K+ Positions Liquidated in 24 Hours Totaling $425M

BTC-0.95%
ETH-1.51%
ADA1.78%

According to CoinGlass and Guru Club, the crypto market saw broad declines on June 7 morning, with over 130,000 positions liquidated in the past 24 hours totaling $425 million in losses. Bitcoin fell 0.48% to $60,757, Ethereum dropped 1.29%, and Cardano declined 0.04%.

Market participants cited geopolitical tensions in the Middle East as a potential trigger, following reports of military strikes in the region on June 6.

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