Hamas and Israel are at war, and the Ethereum Foundation is upset.

More than $100 million in long positions were liquidated in the past 24 hours, the highest level since September 11.

According to on-chain monitoring data, as of Monday afternoon ET, approximately $105 million in crypto long positions (traders betting that prices would rise) had been liquidated in the past 24 hours, the largest single-day amount since September 11. Long position closing volume.

The liquidation comes as risk assets come under pressure due to fighting between Israel and Hamas and growing unrest in the region, with Bitcoin falling more than 2% before recovering to $27,600. Ethereum once fell nearly 5% $BTC $ETH