GT 24H Up 3.15%, current price 6.87 USDT

During the market closure, on-chain precious metals surged due to risk aversion demand, with the largest gold long position "Loracle" floating profit reaching 27%

Affected by the US-Iran situation, safe-haven asset on-chain precious metal contracts led the rally, with gold rising to $5,386 per ounce and silver reaching $96.3. PAXG long position Lorac's unrealized profit expanded to $460,000, with a position size of $8.42 million. Lorac is active in the Hyperliquid ecosystem.

Bitcoin falls below $64,000! The US and Israel carry out airstrikes on Iran, Middle East conflict escalates, impacting the crypto market

On February 28, after the United States and Israel conducted airstrikes on Iran, global market risk aversion increased, and Bitcoin's price fell below $64,000. The escalation of the Middle East situation has intensified volatility in the crypto market, and investors should focus on risk management. Bitcoin, as a highly liquid asset, reflects changes in risk appetite.

ETH drops below 1850 USDT

Gate News bot message, Gate market display, ETH drops below 1850 USDT, current price 1849.94 USDT.

BTC drops below 64,000 USDT

Gate News bot message, Gate market display, BTC drops below 64,000 USDT, current price 63,995.9 USDT.

Israel's attack on Iran triggers a market震荡, $100 million in crypto longs liquidated within 15 minutes

Israel's attacks on Iran triggered intense fluctuations in the global crypto market, with approximately $100 million in long positions forcibly liquidated in the short term. Geopolitical risks caused major cryptocurrencies to plummet in value, market leverage was under pressure, and liquidation volumes increased. The subsequent trend will depend on the situation in the Middle East and changes in risk aversion sentiment.