$265M in Crypto Shorts Liquidated After Trump Hints at End of Iran War

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After President Donald Trump suggested progress in talks with Iran to ease tensions, the cryptocurrency market reacted quickly, triggering about $265 million in short position liquidations within 15 minutes. Traders betting on falling prices were forced to exit as sentiment shifted, showing how sensitive crypto derivatives are to geopolitical news. The sudden movement highlights the risks of high leverage and how rapidly global events can influence market behavior and trading positions.