LNA09

Just a day after flirting with the $120,000 mark, bitcoin ( BTC) experienced a swift descent, plummeting below $115,000 — a level not seen in nearly two weeks. Bitstamp data painted a picture of the volatility, showing the flagship cryptocurrency briefly nose-diving to $114,518 at 2:45 a.m. EDT on July 25. While BTC managed to stage a recovery and initially seemed to find a tenuous foothold just above $115,000, it later showed renewed strength, climbing back to $116,000.

However, BTC’s approximately 2% dip in the top cryptocurrency over 24 hours triggered the liquidation of over $140 million in long positions. Coinglass data revealed that liquidated bitcoin ( BTC) long positions alone constituted nearly half of the $382 million in total long positions that were obliterated within a 24-hour window.

#IsraelIranConflict
Israel attacks Iran: Israel has launched unprecedented strikes on Iran, targeting its nuclear program and military leaders in an attack that Prime Minister Benjamin Netanyahu said will last many days. Israel’s military says it used 200 fighter jets. In retaliation, Iran launched over 100 drones toward Israeli territory, Israel’s military said.
• Military leaders killed: General Hossein Salami, the commander-in-chief of Iran’s Revolutionary Guard, was killed in the attack. He was among the country’s most powerful figures. The attack also killed Major General Mohammad Bagheri, Iran’s highest-ranking military officer.
• Nuclear targets: Netanyahu said “Operation Rising Lion” struck Iran’s main enrichment facility in Natanz, nuclear scientists, and what he called “the heart of Iran’s ballistic missiles program.” Six nuclear scientists were killed, Iranian state-affiliated Tasnim news agency reported.
• US position: Secretary of State Marco Rubio said there was no US involvement or assistance in the strikes. Before the attack, President Donald Trump said he did not want Israel to target Iran as US negotiations on a nuclear deal continue