Crypto liquidations surged to $657.9 million over 24 hours, with long positions accounting for 89% ($584.38M) of the total. Ethereum (ETH) led losses at $256.83M, followed by Bitcoin (BTC) at $180.89M, driven by market jitters after President Trump signaled potential US strikes on Iran. The liquidation wave accompanied a crypto market cap drop of 0.93% to $2.65 trillion, with BTC falling below $77,000 (5.59% weekly loss) and ETH under $2,120 (down 9.98% weekly). Solana (SOL) dropped 11.22% to $84.94. Over 106,000 traders were liquidated, with the largest single order a $28.49M ETH/USDT position on Bitget. The risk-off mood may persist as Trump's Situation Room meeting on Tuesday reviews military options, threatening further volatility.

Key facts

• Total crypto liquidations reached $657.9M in 24 hours, 89% from long positions.
• Ethereum led with $256.83M in long liquidations; Bitcoin followed at $180.89M.
• Over 106,000 accounts liquidated; largest single order $28.49M on Bitget.
• Market cap fell 0.93% to $2.65T amid Trump's Iran strike warning.
• BTC dropped below $77,000; ETH under $2,120; SOL lost 11.22% weekly.

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