Geopolitics and Hidden Forces Rattle Bitcoin Markets | US Crypto News
Bitcoin dropped amid geopolitical tensions, ETF outflows, and risk-off sentiment, with analysts watching $60,000 support.Summary
Bitcoin experienced a sharp drop to around $67,600, mirroring weakness in equity futures due to heightened geopolitical tensions (specifically around Iran), uncertainty over Federal Reserve rate cuts following recent inflation data, and debate over AI's economic impact. This macro backdrop has coincided with sustained outflows from US-listed Bitcoin ETFs, totaling $360 million last week. The combination of these factors has pushed Bitcoin down over 50% from its October 2025 peak of $126,000. Analysts view $60,000 as key near-term support, with potential downside to $50,000, aligning with Galaxy Digital projections. Market sentiment is extremely fearful, with only 55% of Bitcoin supply in profit, a level last seen during the 2022 bear market bottom. Adding to the pressure, an anonymous trader reportedly made $7 million by aggressively shorting crypto assets. Concurrently, investor behavior shows a flight to traditional safety, with Bank of America data indicating gold is the most crowded trade, reflecting heightened risk aversion.
(Source：BeInCrypto)