Altcoins Recover on SOL, XRP, DOGE Strength After $1 B in Weekend Liquidations

Crypto Markets Stabilize After $1B Liquidation Storm; Bitcoin Climbs Back Over $101K

Crypto markets are showing signs of recovery after a turbulent weekend that saw over $1 billion in liquidations, triggered by U.S. airstrikes on Iranian nuclear facilities. Bitcoin, which briefly fell below the $100,000 mark, has rebounded and is trading above $101,000 as traders cautiously return.

Altcoins Stage a Comeback

Altcoins like Solana (SOL), XRP, and Dogecoin (DOGE), which were among the hardest hit, are beginning to bounce back as leveraged positions reset and spot buyers step in.

As of Monday, Ethereum (ETH) was trading near $2,236, SOL hovered around $133, XRP stayed above $2, and DOGE held near $0.15. While prices remain lower on the daily charts, the swift rebound signals growing interest from both retail and institutional investors eager to buy the dip.

Liquidations Slow Amid Market Calm

Over the past 24 hours, crypto markets have absorbed an additional $642 million in liquidations, adding to the $595 million cleared out on Saturday, pushing the two-day total above $1.2 billion.

Bitcoin led the liquidation figures with $230 million in positions wiped out, followed by ether with $188 million. Solana saw $28 million in liquidations, XRP recorded $21 million, and DOGE over $25 million.

Liquidations occur when exchanges forcefully close a trader’s leveraged position because their margin balance has fallen too low to sustain it. Such cascades often mark extremes in sentiment, sometimes foreshadowing sharp price reversals.

The recent sell-off began late Saturday after former U.S. President Donald Trump confirmed coordinated strikes on Iran’s uranium enrichment sites. Despite heightened geopolitical tensions, markets have since steadied, reflecting a belief that a broader regional conflict might still be avoided.

Analysts See Resilience in Altcoins

“While bitcoin volatility grabbed the headlines amid the U.S.-Iran escalation, altcoins are demonstrating notable strength,” said Eugene Cheung, Chief Commercial Officer at OSL, in a Telegram message.

Cheung highlighted that Ethereum is still attracting institutional capital thanks to surging ETF inflows, while Solana and other Layer 1 networks benefit from increasing developer activity, network usage, and speculation over potential ETF approvals.

Other market experts believe the quick rebound reflects optimism that geopolitical tensions will remain contained.

“The market is fairly optimistic that the Iran-Israel conflict will remain limited and its economic fallout localized,” said Jeff Mei, COO at BTSE.

Mei added, “We expect Iran will have to carry out some retaliation to uphold its domestic standing, but any actions are likely to be measured to avoid sparking a broader conflict.”

Still, uncertainties persist. The U.S. has warned of “far greater” military action if Iran retaliates, and potential disruptions to oil flows through the Strait of Hormuz could have broader economic impacts.

Yet, the speed of crypto’s rebound suggests confidence in the market’s longer-term uptrend. Many analysts see liquidation-driven dips as potential buying opportunities for those betting on the asset class’s continued growth.