Crypto liquidations near $1 billion as Bitcoin falls 3.3% amid persistent ETF withdrawals and geopolitical tensions.
Bitcoin slid to $72,711 Thursday, extending losses as spot ETFs recorded $1.02 billion in outflows over three days. The decline pushed crypto liquidations to $931 million despite a modest 3.3% drop in BTC over 24 hours, signaling high leverage in the market.
The S&P 500 remains near record highs, up 0.25% from its peak, while Bitcoin’s weekly and yearly performance lags at -6% and -33%, respectively. ETF outflows persist amid broader market uncertainty, with investors reducing exposure despite recent price stability in the $77,000-$78,000 range.
Traders now assign a 62% probability of Bitcoin reaching $84,000, down from 74% earlier in the week. The shift reflects waning confidence as macro pressures and capital outflows weigh on sentiment.