Bitcoin Falls Below $73,000, Iran Escalation Triggers $1 Billion in Liquidations

Bitcoin fell below $73,000 as Middle East tensions sparked a crypto sell-off. BlackRock’s iShares Bitcoin ETF (IBIT) saw $528 million in net outflows — its second-largest daily outflow on record. Approximately $1 billion in leveraged positions were liquidated.

Ethereum also dropped below $2,000, though futures open interest hit a record 16 million ETH, signaling growing divergence between spot selling and futures positioning.