Yigit Taha OZTURK 
A new geopolitical flashpoint sent shockwaves through global crypto markets on Sunday morning. Panic selling swept across exchanges as the United States confirmed targeted attacks on Iran‘s nuclear facilities, rattling investor confidence.
The aftermath? A dramatic wave of long position liquidations, steep price drops, and renewed fears over stability in the Middle East.
Ethereum Leads Selloff Amid $701M Market Liquidation
According to data from CoinGlass, total crypto market liquidations exceeded $701 million, with $618 million consisting of long positions. In the last 24 hours, Ethereum saw $296 million in liquidations, including $269 million in longs—making it the hardest-hit asset among the top 20 coins.
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thereum fell by 7.4% to $2,260, while Cardano dropped 7.1%. Bitcoin, by contrast, remained relatively stable, down 1.4% at $102,418. Overall, the global crypto market cap fell by 4.4%, reaching $3.25 trillion, according to CoinGecko.
Prediction Markets Turn Bearish on Ethereum and Iran Tensions
On decentralized prediction platform Myriad, user sentiment shifted sharply bearish on Ethereum, with over 70% expecting it to drop below $2,000 by year’s end.
Meanwhile, on Polymarket, odds that Iran will close the Strait of Hormuz before July jumped to 46%, up from just 9% a day earlier. The probability of closure by year-end reached 57%. However, the chance of the United States formally declaring war on Iran remained low at 2%.
The strikes were carried out using B-2 bombers and submarine-launched Tomahawk missiles, targeting enrichment facilities in Fordo, Natanz, and Isfahan. In a national address, President Trump warned that “any retaliation by Iran will be met with force far greater than what was witnessed tonight.”
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