Israel Launches Attack on Iran, Crypto Market Crash [Live] Updates

Bitcoin plunged roughly $2,500 in just 45 minutes after reports of Israel striking Iran rattled global markets. The sudden sell-off triggered about $209 million in long liquidations within an hour, reflecting heavy leveraged exposure. Broader crypto sentiment also turned risk-off, wiping nearly $72 billion from total market value. Historically, geopolitical shocks spark rapid volatility in digital assets as traders rush to reduce risk, and the latest move highlights how quickly leveraged positions can unwind during macro-driven panic.

Bitcoin’s liquidation heatmap is heating up as heavy upside liquidity clusters emerge above the current price. Around $66,541, nearly $69.85 million in leveraged positions are at risk of being wiped out. The chart shows dense yellow bands stacked overhead, indicating significant short exposure. If Bitcoin delivers a strong upward move, it could trigger a rapid liquidation cascade, forcing short sellers to close positions and potentially accelerating bullish momentum in the near term.