Crypto Market Carnage: Over $1B in Liquidations as Bitcoin Crashes Below $99K Following US-Iran Strikes
Geopolitical tensions trigger massive crypto selloff with 240,979 traders liquidated in unprecedented market volatility
Real-time liquidation data
The cryptocurrency market experienced its most devastating 24-hour period in recent history, with liquidations exceeding $1.03 billion following Bitcoin’s dramatic fall below $99,000 – the first time in 46 days. The massive selloff was triggered by escalating US-Iran tensions after American military strikes on Iranian nuclear facilities.
Breaking: Record-Breaking Liquidation Wave
According to the latest data from Coinglass, the market massacre resulted in:
Current liquidation dashboard
- Total Liquidations: $1.03 billion in 24 hours
- Traders Affected: 240,979 positions liquidated
- Long Positions: $921.39 million (89.4%)
- Short Positions: $108.75 million (10.6%)
Bitcoin’s dramatic fall
The overwhelming dominance of long liquidations reveals how unprepared traders were for the sudden geopolitical shock that sent markets into freefall.
Ethereum Leads Liquidation Losses at $373.75M
Ethereum emerged as the biggest victim of the liquidation tsunami, with $373.75 million in positions wiped out – surpassing even Bitcoin’s losses. The breakdown shows:
- Ethereum (ETH): $373.75 million liquidated
- Bitcoin (BTC): $321.79 million ($287M in longs)
- Solana (SOL): $46.51 million
- XRP: $35.83 million
- Other Altcoins: $96.27 million combined
Geopolitical impact visualization
US Strikes on Iran Trigger Market Panic
The crypto crash was directly linked to President Trump’s announcement of successful military strikes on three Iranian nuclear development sites Saturday night. The geopolitical escalation sent shockwaves through global markets as:
- Oil prices spiked on fears of supply disruptions
- Iran’s parliament threatened to close the Strait of Hormuz
- Safe-haven assets like gold gained while crypto crashed
- Risk-off sentiment dominated trading decisions
Market analysis dashboard
Record-Breaking Single Liquidation
The largest individual liquidation order reached $35.45 million on the HTX exchange, involving a BTC/USDT position. This highlights the extreme leverage that traders had accumulated before the crash.
Timeline of the Crash:
- 12 hours before: $409.63 million liquidated
- Peak volatility: $350.43 million erased in 4 hours
- Recovery phase: BTC briefly recovered above $99,000
Technical analysis view
Market Recovery Signals
Despite the brutal liquidation wave, Bitcoin showed resilience by recovering above the $99,000 threshold. However, analysts warn that:
- Geopolitical risks remain elevated
- Leverage excess has been temporarily cleared
- Market structure shows fragility to external shocks
- Oil market volatility could trigger further crypto weakness
The $1.03 billion liquidation event serves as a stark reminder of cryptocurrency market vulnerability to geopolitical events and the dangers of excessive leverage in volatile conditions.
This unprecedented liquidation wave has reshaped crypto market sentiment, with traders now closely monitoring Middle East developments for potential further volatility.
