Crypto liquidations hit $935M as Bitcoin price dips to $72.6K
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- Bitcoin drops to $72,620, a six-week low, losing all gains since April 13 after U.S. military strikes on Iran sparked risk-off trading.
- Crypto market sees $935.6 million in liquidations over 24 hours, including $348.5 million in Bitcoin long positions, as leverage collapses amid falling open interest.
- Spot Bitcoin ETFs record $2.6 billion in outflows over eight consecutive days, with $733 million withdrawn on Wednesday alone — the largest daily outflow since January 29.
Why it matters: Leveraged traders lost nearly $1 billion in 24 hours as Bitcoin broke below $75,000, and sustained pressure below $70,000 could trigger further selling. The combination of geopolitical shocks and institutional withdrawal signals weakening structural demand.
