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Over $563.93M in Digital Asset Long Positions Liquidated Overnight as Trump Escalates Iran Rhetoric

GateNews
Derivatives DataPrice VolatilityGeopoliticsCommoditiesStocksOn-Chain Data
BTC-2.01%
ETH-3.58%
XRP-2.49%
SOL-2.57%

According to CoinGlass, over $563.93 million in long positions were liquidated across digital asset markets in the past 24 hours on May 18 (Seoul time), marking the largest liquidation in three months since February 9. The selloff was triggered by U.S. President Donald Trump’s hawkish stance on Iran announced on May 17, which reignited Middle East geopolitical tensions and fueled concerns over potential oil price spikes and inflationary pressures.

Bitcoin declined 1.43% to $76,896 over the same period, while Ethereum, XRP, and Solana fell 3.09%, 1.77%, and 1.17% respectively, as elevated U.S. Treasury yields further pressured risk assets.

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