After $1 B in Liquidations, SOL, XRP & DOGE Lead the Altcoin Rally

Crypto Markets Rebound After $1B Liquidation Spree; Bitcoin Back Above $101K

The crypto market is stabilizing after a turbulent weekend that saw over $1 billion wiped out in liquidations, triggered by U.S. airstrikes on Iranian nuclear facilities. Bitcoin, which briefly dipped below $100,000, has bounced back above the $101,000 level as investors cautiously return to risk assets.

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Altcoins Recover From Sharp Losses

Altcoins that suffered some of the heaviest losses over the weekend—Solana (SOL), XRP, and Dogecoin (DOGE)—are beginning to show signs of recovery. As leveraged positions reset and spot buying returns, confidence is gradually rebuilding.

By Monday, Ethereum (ETH) was trading near $2,236, SOL had edged up to $133, XRP remained above $2, and DOGE hovered around $0.15. Despite lingering losses on daily charts, the rebound signals that buyers, including institutional players, are stepping back in quickly to scoop up dips.

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Liquidations Slow But Tensions Linger

Over the past 24 hours, crypto markets saw an additional $642 million in liquidations, adding to the $595 million flushed out on Saturday. This brings the two-day liquidation total to over $1.2 billion.

Bitcoin led the liquidation figures with $230 million in positions wiped out, while ether followed at $188 million. SOL faced $28 million in liquidations, XRP $21 million, and DOGE over $25 million.

Liquidations happen when an exchange forcefully closes a trader’s leveraged position because their margin balance has fallen too low to cover potential losses. Such cascades often mark market extremes, sometimes signaling an approaching reversal as sentiment becomes stretched.

The selling pressure began late Saturday after former U.S. President Donald Trump confirmed U.S. strikes on Iran’s uranium enrichment sites. Despite the geopolitical jolt, markets have since steadied, suggesting investors believe widespread conflict remains unlikely.

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Analysts See Resilience in Altcoins

“While the spotlight has been on bitcoin volatility during the U.S.-Iran tensions, altcoins are showing surprising strength,” said Eugene Cheung, Chief Commercial Officer at OSL, in a Telegram message.

Cheung noted that Ethereum continues to attract institutional interest thanks to robust ETF inflows, while Solana and other Layer 1 blockchains benefit from rising network activity, developer engagement, and speculation around future ETF approvals.

Other experts believe the crypto rebound reflects optimism that geopolitical fallout will remain localized.

“The market is fairly optimistic that the Iran-Israeli conflict will remain muted and its economic impact will be locally contained,” said Jeff Mei, COO at BTSE.

Mei added, “We expect Iran will engage in some retaliatory measures to maintain domestic credibility, but they’re likely to be limited to avoid a prolonged regional conflict.”

Nevertheless, risks persist. The U.S. has signaled potential for “far greater” military action if Iran retaliates, and disruptions in oil flows through the Strait of Hormuz could reverberate through broader financial markets.

Yet the pace of recovery suggests crypto remains in a longer-term uptrend, and many analysts see liquidation-driven pullbacks as strategic entry points for investors.

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