Crypto liquidations hit $934.24 million in 24 hours after the US carried out fresh strikes inside Iran. The flush wiped out roughly 167,400 trader accounts as leveraged longs collapsed.

Bitcoin (BTC) and Ethereum (ETH) took the heaviest blows, with BTC liquidations at $363 million and ETH at $240 million. The single largest order, a $15.34 million BTC long, closed on Hyperliquid.

Crypto Liquidations Skew 93% to Longs

Most of the damage hit traders positioned for a recovery. CoinGlass figures show longs made up 93% of the total. Short sellers were largely spared.

The skew points to derivatives books that had absorbed the prior week’s ceasefire optimism. Traders had added leverage on the long side. Bitcoin’s recent…