Crypto Liquidations Near $1 Billion as United States-Iran Tensions, ETF Outflows, and Key Bitcoin Support Levels Pressure Market

Cryptocurrency markets came under heavy pressure as escalating United States-Iran tensions fueled a broader risk-off move that hit digital assets, oil, ETFs, and derivatives markets. Bitcoin fell toward the $72,000 area, with reported lows including $72,792 and $72,622 before a partial recovery, while Ethereum dropped roughly 5% below $2,000 and HYPE fell more than 9% to near $55. Across derivatives, 24-hour crypto liquidations were reported at $917 million in one market snapshot and about $930 million in another, with long positions accounting for $859 million in the former and roughly $870 million in the latter, showing bullish leveraged traders absorbed most of the losses. According to SoSoValue, U.S. spot Bitcoin ETFs saw $733.4 million in net outflows, extending an eight-day outflow streak to $2.6 billion and pushing assets under management to roughly $97 billion. On-chain data cited from CryptoQuant analysts showed more than 103,000 BTC moving back to centralized exchanges over 30 days while stablecoins were leaving exchanges at about $153 million per day, reinforcing a bearish market structure.