A U.S. military airstrike on key nuclear sites in Iran triggered a significant crash in the cryptocurrency market, leading to $595 million in long-position liquidations primarily among bullish traders. The operation, announced by former President Donald Trump, targeted uranium enrichment facilities, causing panic that swept through global markets and cryptocurrencies. In total, 172,853 traders were liquidated, with Ether (ETH) bearing the brunt of the losses, accounting for $282 million, while Bitcoin (BTC) saw $151 million in liquidations. Other cryptocurrencies like SOL and DOGE also experienced significant downturns. This wave of liquidations signals extreme market sentiment, indicating a potential price reversal. Despite the volatility, Bitcoin held around $102,000 and Ethereum above $2,280 as the market began to stabilize. With further military actions anticipated, traders brace for additional uncertainty and fluctuation in prices.

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