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Crypto liquidations hit $238M as Trump warns of tough strikes on Iran, shaking markets.

Market News
01 Aug 2026
Coingape
View Source
Bearish
pluang ai news

Crypto markets saw $238 million in liquidations after US President Trump warned of intensified military strikes on Iran, triggering a risk-off reaction. Most losses came from long positions as Bitcoin and major altcoins fell amid geopolitical tensions. This follows a 2026 pattern where US-Iran conflicts repeatedly cause large liquidation waves in crypto. Traders remain cautious, reducing leverage amid ongoing uncertainty about potential strikes and their market impact.

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