Bitcoin Gets NUKED in 60 Seconds $100M Wiped Out!

Global tensions recently shook the crypto market and triggered a sharp sell-off in risk assets. Reports confirmed that Israel carried out attacks on Iran, which sparked immediate panic across global financial markets. Investors quickly moved away from volatile assets, and Bitcoin dropped from around $65,800 to below $64,000 within an hour. Traders reacted instantly to rising uncertainty, and the market experienced one of the fastest liquidation events in recent weeks as volatility spiked.

BREAKING: Bitcoin falls below $64,000 as Israel launches strikes on Iran.

Over $100 million worth of levered longs have been liquidated in 15 minutes. pic.twitter.com/S4SibWkks3

— The Kobeissi Letter (@KobeissiLetter) February 28, 2026

$100 Million in Bitcoin Liquidations Within Minutes

Leverage amplified the downturn and intensified the speed of the crash. More than $100 million in long positions were liquidated, and most of these forced closures occurred within roughly 15 minutes. Automated systems executed margin calls rapidly, which accelerated selling pressure across major exchanges such as Binance. Liquidation cascades created a chain reaction because forced selling pushed prices lower and triggered additional margin calls. This rapid unwinding of leveraged positions explains the severity of the decline.

Bitcoin still trades as a risk-sensitive asset rather than a traditional safe haven. During periods of geopolitical uncertainty, investors typically reduce exposure to volatile markets and rotate into defensive assets such as gold or cash equivalents. Fear spreads quickly when global tensions escalate, and traders often cut high-beta positions first. Although some investors describe Bitcoin as “digital gold,” it has not consistently demonstrated safe-haven behavior during sudden geopolitical shocks. However, sentiment can shift quickly once panic subsides, which often creates short-term recovery opportunities.

Historical Patterns Suggest Potential Recovery

Previous geopolitical and macro shocks have produced similar short-term declines. In 2020, global tensions and pandemic-driven uncertainty triggered sharp market drops, yet Bitcoin eventually rebounded strongly once conditions stabilized. Research and historical data show that Bitcoin often recovers 10–15% or more following forced liquidation events. These patterns suggest that traders should not rely solely on panic-driven indicators when evaluating longer-term trends.

Bitcoin Analysis: Liquidity Event or Trend Reversal?

From a Bitcoin analysis perspective, the recent drop appears to reflect a liquidity-driven event rather than a fundamental breakdown. Forced liquidations, not structural weaknesses in the network or adoption metrics, drove the majority of the selling pressure. This distinction matters because it suggests the broader trend may remain intact. Once selling pressure slows and liquidation cascades end, buyers often step in to absorb supply and stabilize price action. However, further geopolitical escalation could extend volatility and delay recovery.

Market participants remain split on what comes next. Some traders expect deeper corrections and target levels near $60,000 or lower. Others view the pullback as a buying opportunity and argue that long-term adoption trends still support growth. This divide reflects widespread uncertainty, as investors struggle to interpret whether the move signals temporary panic or the start of a larger correction.

Key Takeaways for Traders

Political developments can move crypto markets overnight, and speed often matters more than prediction during high-volatility events. Leverage increases both profit potential and downside risk, and it amplified losses significantly in this case. Bitcoin typically reacts sharply to global panic, yet it has historically recovered once conditions normalize. Traders should avoid emotional decisions and instead prioritize disciplined risk management strategies.

The recent crash highlights crypto’s sensitivity to global events and external shocks. Short-term price action remains vulnerable to geopolitical headlines, but history shows that recovery frequently follows periods of extreme fear. Bitcoin remains volatile, yet it has not shown signs of structural collapse. Smart traders monitor both macroeconomic developments and on-chain data, and they rely on patience and discipline rather than reacting impulsively to headlines.