$1B Crypto Bloodbath: Markets Reel as US-Iran Strikes Trigger Mass Liquidations

Geopolitical shockwaves just vaporized crypto positions at scale—here's the damage.

Leverage meets liquidation

When the US military struck Iranian targets, algorithmic traders didn't wait for CNN's broadcast. Margin calls hit $1 billion faster than you can say 'risk-off.'

DeFi's stress test

Decentralized protocols handled the liquidation cascade with eerie efficiency—no bank holidays, no pleading with brokers. Just cold, hard code executing contracts at 2AM.

Silver lining playbook

Volatility traders made fortunes while weak hands got rekt. Same as it ever was—the market's a brutal teacher, but at least it grades on a curve.

The crypto market plunged after President Donald TRUMP announced late Saturday that U.S. forces bombed three Iranian nuclear facilities in “Operation Midnight Hammer.”

Bitcoin dropped to its lowest level since early May. Ethereum plummeted more than 10% to $2,171, but at last check had inched up 1.2% to $2,205.5.

Altcoins like XRP, Solana, and Dogecoin also hit two-month lows. Liquidations surged to $949 million in 24 hours, mostly from long positions.

Prediction markets like Myriad show growing bearish sentiment, with 65% of users expecting bitcoin to fall below $95,000 before reaching a new high.