The post $100M Liquidated as Crypto Crashes Amid Middle East War appeared on BitcoinEthereumNews.com.

The U.S. and Israel’s strike on Iran has triggered $100M in crypto long liquidations in 15 minutes. Bitcoin price has dropped over 6% to $63,692 on Saturday, amid low Open Interest (OI). The crypto industry is under intense bearish pressure amid extreme fear of a prolonged Middle East conflict. The crypto market has experienced the anticipated bloodbath amid the heated Middle East war. As Israel helped the United States attack Iran through Operation Epic Fury, more than $100 million was liquidated from the crypto-long traders during the first 15 minutes of the reported attacks. According to market data analysis from CoinGlass, the total crypto liquidations surged by 129% in the past 24 hours to hover around $521 million at press time. Out of the total liquidation in the crypto market today, around $449 million involved long traders, Out of the total liquidation in the crypto market today, around $449 million involved long traders, who were betting on further upside in the market. Crypto Market Turns Red Amid Low OI  According to CoinMarketCap, the total crypto market cap dropped by 6% to hover around $2.2 trillion, and Bitcoin (BTC) price dropped over 6% to trade at about $63,692 at the time of writing. Ethereum (ETH) price dropped 9% to about $1,856, triggering further selloffs in the altcoin market. As such, the crypto community has turned extremely cautious amid low Open Interest (OI). Moreover, the crypto market has been trapped in a bear market akin to 2022. According to CoinGlass market data, total crypto OI has dropped from around $140B in January to around $90 billion at press time. The geopolitical crisis in the Middle East is further fueling bearish sentiment amid low OI. What’s Next? The crypto market is expected to remain under heavy stress, especially as the United States slows…

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Filed under: News - @ February 28, 2026 3:27 pm