Figure:https://www.gate.com/trade/ETH_USDT
Ethereum has fallen 7.35% in the past 24 hours, underperforming Bitcoin’s 3.54% decline, after dipping to around $2,460 before a slight rebound.
As Israel’s preemptive strikes against Iran escalate, both traditional markets and digital assets are experiencing a wave of sell-offs. Crypto.news points out that this shock has triggered over $120 million in liquidations, with funds quickly flowing into safe-haven assets like gold.
FXStreet reports that since 2025, the trading volume of stablecoins on the Ethereum chain has exceeded $11 trillion, but during this decline, some arbitrage funds have withdrawn, and the outflow of USDC and USDT on the chain has intensified selling pressure.
According to Decrypt reports, due to the rapid decline in prices, long positions on platforms such as BitMEX and Binance have surged dramatically, with a total liquidation amount exceeding $200 million, further amplifying the downward momentum.
Figure:https://www.gate.com/trade/ETH_USDT
Ethereum has fallen 7.35% in the past 24 hours, underperforming Bitcoin’s 3.54% decline, after dipping to around $2,460 before a slight rebound.
As Israel’s preemptive strikes against Iran escalate, both traditional markets and digital assets are experiencing a wave of sell-offs. Crypto.news points out that this shock has triggered over $120 million in liquidations, with funds quickly flowing into safe-haven assets like gold.
FXStreet reports that since 2025, the trading volume of stablecoins on the Ethereum chain has exceeded $11 trillion, but during this decline, some arbitrage funds have withdrawn, and the outflow of USDC and USDT on the chain has intensified selling pressure.
According to Decrypt reports, due to the rapid decline in prices, long positions on platforms such as BitMEX and Binance have surged dramatically, with a total liquidation amount exceeding $200 million, further amplifying the downward momentum.