Bullish Crypto Bets Liquidated for $595M as U.S. Bombs Iran Nuclear Sites

A surprise U.S. airstrike on Iran’s nuclear facilities triggered a market-wide crypto crash, wiping out bullish positions across ETH, BTC and other majors.

What to know:

The U.S. military's airstrikes on Iran's nuclear sites led to a $595 million liquidation in crypto long positions.

Former President Donald Trump announced the strikes, which targeted key uranium enrichment facilities, causing global market turmoil.

Over 172,000 traders were liquidated, with Ether and Bitcoin traders experiencing the largest losses.

Crypto bulls were blindsided Friday after the U.S. military launched airstrikes on Iran’s key nuclear sites, triggering a sharp selloff and $595 million in long-position liquidations.