Bitcoin just collapsed to a 5-week low under $74,000 as fresh U.S. airstrikes on Iran reignited Middle East tensions and U.S. spot Bitcoin ETFs hemorrhaged cash — with BlackRock's IBIT alone shedding $528 million in a single day, its 2nd-largest outflow ever, while the 2-week ETF bleed has now crossed $2 billion. Add $1 billion in long liquidations, oil ripping toward $100, the CLARITY Act stalling in Congress, and a stunning CFTC reversal admitting it weaponized crypto enforcement against Gemini — and today's setup is the most fragile crypto has looked in months. We break down what's actually driving the selloff, what could trigger the next leg down, and whether there's any catalyst left that can stop it.
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