{"id":130934,"date":"2026-01-29T15:24:42","date_gmt":"2026-01-29T15:24:42","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=130934"},"modified":"2026-01-29T15:24:42","modified_gmt":"2026-01-29T15:24:42","slug":"bitcoin-price-plunges-to-6-week-low-as-liquidations-explode-amid-iran-strike-fears","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=130934","title":{"rendered":"Bitcoin Price Plunges to 6-Week Low as Liquidations Explode Amid Iran Strike Fears"},"content":{"rendered":"

Bitcoin\u2019s price has taken another hit in the past hour or so, dumping to a new six-week low of just over $85,000 as of now.<\/p>\n

The altcoins have followed suit, and the liquidations are on the rise again. Data from CoinGlass shows that over $650 million worth of leveraged positions have been wiped out daily, with roughly half of those taking place in the past hour alone.<\/p>\n

The number of wrecked trades has rocketed to over 190,000 as of press time. The single-largest liquidated position took place on Hyperliquid and was worth over $31 million.<\/p>\n

<\/a>Liquidation Data on CoinGlass<\/p>\n

Perhaps the most evident reason behind the latest calamity is the increasing fears about a potential attack against Iran by the United States. Reports from earlier today indicated<\/a> that the POTUS has deployed the Abraham Lincoln Carrier Strike Group to the Middle East after warning that Iran\u2019s time to make a deal is \u201crunning out.\u201d<\/p>\n

US crude oil jumped by over 2.5% at one point, while the global benchmark Brent neared $70 after a 2.3% increase. However, the precious metal market was hit hard in the past hour alone, with gold slumping from its latest all-time high above $5,500\/oz to $5,300 within minutes.<\/p>\n

BTC is down by 3% hourly, and many altcoins have produced even more painful declines. ETH is down to $2,800 after it was rejected at $3,000 yesterday. XRP has slumped by 3.5%, while SOL has dumped by 3.7%.<\/p>\n

<\/a>BTCUSD Jan 29. Source: TradingView<\/p>\n

The post Bitcoin Price Plunges to 6-Week Low as Liquidations Explode Amid Iran Strike Fears<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

Bitcoin\u2019s price has taken another hit in the past hour or so, dumping to a new six-week low of just over $85,000 as of now. The altcoins have followed suit, and the liquidations are on the rise again. Data from CoinGlass shows that over $650 million worth of leveraged positions have been wiped out daily, […]<\/p>\n","protected":false},"author":0,"featured_media":130935,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-130934","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/130934"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=130934"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/130934\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/130935"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=130934"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=130934"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=130934"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}