Bitcoin Collapses Below $73,000 Amid Middle East Tensions and ETF Outflows... $70,000 Test Looms

Bitcoin (BTC) has fallen below $73,000 due to a combination of geopolitical tensions in the Middle East, outflows from spot exchange-traded funds (ETFs), and significant liquidation pressure. With short-term technical support wavering, the market is closely watching whether the $72,650 level can be defended. Analysts suggest that renewed U.S. airstrikes on Iran stimulated a 'risk-off' sentiment across risk assets, exacerbating Bitcoin's decline, with over $900 million in crypto positions liquidated during this downturn.

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