Global cryptocurrency markets tumbled sharply following the outbreak of military strikes by United States and Israel against Iran, as geopolitical shockwaves triggered a rapid sell-off across digital assets. Traders reacted within minutes of the first reports of the attacks, rushing to exit risk-heavy positions amid fears of a broader regional war and potential disruption to global financial stability.

Market data showed that bullish “long positions” worth approximately $100 million were liquidated almost immediately after news of the strikes broke, as sudden price drops forced automatic sell orders on leveraged trades. Such liquidations occur when exchanges close traders’ positions after losses breach…