On August 31, BlockBeats reported that cryptocurrency markets dropped sharply in early trading following news of a U.S. military night strike on the Strait of Hormuz. Coinglass data showed $180 million in liquidations across the market in the last hour, with long positions accounting for $173 million.
Cryptocurrency markets tumbled in early trading on August 31 after reports emerged of a U.S. military night strike on the Strait of Hormuz. According to Coinglass data, the entire market saw over $180 million in liquidations within the past hour. Of that, long positions accounted for $173 million. BlockBeats reported the development.
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