Crypto Market Faces $1B Liquidations Amid US–Iran Tensions
Introduction On June 22, geopolitical tensions between the U.S. and Iran triggered over $1 billion in crypto liquidations, wiping out thousands of leveraged positions in just 24 hours. What Happened Following airstrikes on Iranian nuclear facilities, crypto markets reacted sharply. Approximately 240,000 traders were liquidated across spot and derivatives markets within a day. Which Assets…