$595M in Bullish Crypto Bets Wiped Out After U.S. Strikes Iran Nuclear Facilities

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CoindeskEN

Release Time:

2025-06-22 07:17:39

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

Crypto markets got a brutal reality check as geopolitical tensions triggered a $595 million liquidation event.

When the bombs drop, so do leveraged positions

Traders riding Bitcoin's recent rally got steamrolled when U.S. military action sent shockwaves through risk assets. The crypto derivatives market bled out nine figures in minutes—proof that even decentralized assets aren't immune to old-school warfare.

Funny how 'hedge against inflation' suddenly means 'liquidate at a loss' when missiles start flying. Maybe those 100x long positions weren't such genius trades after all.

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