Trump's Iran Threat Triggers $238M Crypto Liquidations
US President Donald Trump's comments on Iran have triggered a significant wave of liquidations in the crypto market, resulting in approximately $238 million in losses. Speaking at a cabinet meeting at Camp David, Trump stated that he is 'losing faith' in Tehran and warned that the US would 'hit them very hard.'
The remarks were enough to prompt long traders to cut their risk exposure, with CoinGlass data showing that leveraged positions were largely wiped out over the weekend. The liquidations skewed heavily towards long positions, with major altcoins and Bitcoin also experiencing sharp declines.
This is not an isolated incident, the Iran conflict has been a recurring driver of crypto liquidations since late February 2026. Earlier episodes have ranged from hundreds of millions to near $1 billion in single-day liquidation events, highlighting the significant impact that geopolitical tensions can have on the market.