Security
Liquidations jump to $547 million as oil rally hits crypto market
CoinDesk·October 7, 2026·1 min read
Bitcoin fell below $84,000 as oil climbed on Iranian tanker attacks, triggering a crypto market selloff. Smaller tokens dropped harder, and total liquidations surged to $547 million. The oil rally, driven by geopolitical tensions, weighed on risk assets, with leveraged positions being wiped out across major exchanges.
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