$595M in Bullish Crypto Positions Wiped Out Amid U.S. Airstrikes on Iran Nuclear Facilities

Crypto markets got a brutal reality check as geopolitical tensions sent shockwaves through leveraged positions.

Liquidation bloodbath follows risk-off pivot

Nearly $600 million in long positions evaporated faster than a shitcoin's market cap when U.S. forces struck Iranian nuclear sites. The crypto market's 'hedge against chaos' narrative took another hit—turns out missiles move faster than blockchain confirmations.

Margin calls meet Middle East crisis

Traders learned the hard way that no amount of technical analysis predicts cruise missiles. Exchanges reported cascading liquidations across major pairs, proving once again that in crypto, the only sure bet is the house's cut.

Another day, another 'black swan' that was totally predictable—if you ignore the hopium fumes. Maybe next time traders will hedge with something that doesn't crash when reality intrudes.