The Iran-U.S. conflict flares up again, and the market collapses outright

BTC falls below the key daily support at 74,000
ETH drops below 2,000 in sync

Over the past 24 hours, total liquidations across the entire market reached $928 million
“Dodan” liquidations totaled $866 million, while the remaining amount was only $62.26 million
That means 93% of the losses were carried by “Doto” — absolutely brutal

Many people think the drop is due to geopolitical conflict
In fact, the real culprit is the U.S. ETF funds withdrawing aggressively
Yesterday alone, net outflows exceeded $700 million, the largest scale in recent months
Even the leading firm, BlackRock’s iBIT, recorded the largest single-day outflow since its inception

Add to that rising U.S. Treasury yields and weak Asian stock markets
Funds move collectively to safety, and risk assets are being dumped
For the short term, the indicators all seem to be in favor of “Kuangdan”

The month’s candle is about to close, and what everyone is most concerned about now is
Whether the 70,000 level can hold, and whether ETF funds will continue to flee