Author
Ahmed Barakat
Author
Share
Bitcoin News: BTC price broke below $73,000 on Thursday as Iran’s Islamic Revolutionary Guard Corps targeted a US airbase in Kuwait, triggering a broad risk-off wave across global markets.
The geopolítica shock sent the total crypto market cap from $2.54 trillion to $2.45 trillion in a single session.
Over $800 million in combined Bitcoin and Ethereum ETF outflows on Thursday marked the largest single-day net redemption in weeks, amplifying spot price pressure well beyond what the geopolitical headline alone would imply.
[crypto-chart coin=”bitcoin”]
That $800 million figure did not arrive in isolation. Wednesday’s session had already logged $737.70 million in Bitcoin ETF outflows and $67.10 million from Ethereum funds, Thursday’s print extended a streak now running eight consecutive days of net trimming.
The institutional inflow narrative that carried BTC from $60,000 to its prior highs is, for now, fully reversed.
Discover: The Best Crypto to Diversify Your Portfolio
Bitcoin News: ETF Outflows Extend Eight-Day Streak as Institutional Demand Collapses
Data confirms the combined two-day Bitcoin and Ethereum ETF outflow figure now exceeds $870 million, with the eight-session streak representing one of the most sustained institutional withdrawal runs since spot Bitcoin ETFs launched in the US.
ETF flows have now turned decisively against Bitcoin and Ether, with capital rotating toward perceived lower-beta crypto assets rather than returning to cash – a distinction that matters for reading the next move in precio BTC.
The Crypto Fear and Greed Index dropped to 31 on Thursday, a reading that sits firmly in “Fear” territory and confirms the sentiment shift is not limited to derivatives positioning.
For the outflow streak to reverse, traders are watching for either a geopolitical de-escalation signal or a macro catalyst, a cooler CPI print or a dovish Fed statement, strong enough to restore appetite for high-risk allocations. Neither is currently on the immediate calendar.
How US-Iran Tensions Are Driving Crypto Risk-Off Behavior
The transmission mechanism here is direct: rising geopolitical risk in the Middle East pushes institutional allocators into defensive positioning, which means selling or reducing exposure to high-volatility assets first.
Bitcoin, despite its gold-narrative framing, behaves as a risk asset in acute stress events – not as a safe haven. Gold rose as oil climbed above $94 globally; Bitcoin fell. That divergence is the data point that explains the ETF redemption cascade.
Iran’s IRGC warned that “any further US attacks would trigger a more decisive response” and stated that “Washington bears responsibility for the consequences.” Asian equity markets, Taiwan, South Korea, and Japan, each dropped roughly 3% on Thursday pricing in the same risk.
Bitcoin’s liquidations amplified that move: over $900 million in total liquidations in 24 hours, with $873 million coming from long positions. Forced selling from leveraged longs accelerates spot price declines beyond what ETF outflows alone would produce.
Can Bitcoin Price Reclaim $74,000, or Does the Structure Now Point Lower?
Precio BTC is currently trading below $74,000, with that level now flipped from psychological support to immediate resistance.
Large-scale Bitcoin ETF movements and bearish price action have reinforced that the $73,000 zone. which analysts had identified as the line separating a bull-cycle correction from a structural breakdown, is now the ceiling to watch, not the floor.
The next meaningful support sits at the $70,500–$71,000 band, where significant buy-side order concentration has been identified in on-chain data.
A sustained break below $70,000 opens a path toward $68,000, where the 200-day EMA currently resides. RSI sits near 38 on the daily, below the signal line, a gap that flags downside momentum without yet reaching oversold territory, meaning there is room for further selling before a mechanical bounce becomes likely.
For a bull case, Bitcoin needs to reclaim and close above $74,000 on meaningful volume, then hold $73,500 as support.
That would signal the $70,500 floor held and that the correction is exhausted. For the bear case, a daily close below $70,000 would confirm a structural shift – not just a geopolitical reaction – and bring $68,000 into play as the next technical target.
Discover: The Best Token Presales
Be the first to comment