Bitcoin is down as renewed U.S. strikes on Iran and heavy spot ETF outflows triggered broad risk-off selling across crypto markets.

Notable Statistics:

Coinglass data shows 172,398 traders were liquidated in the past 24 hours for $910 million.       

SoSoValue data shows net outflows of $733.4 million from spot Bitcoin ETFs on Wednesday. Spot Ethereum ETFs saw net outflows of $67.2 million.

In the past 24 hours, top gainers include Stellar, Hedera and Sei.

Notable Developments:

Trader Notes:

Crypto analyst Ali Martinez said Bitcoin has entered a critical support zone between $73,000 and $71,300.

The area lines up with:

The lower boundary of Bitcoin’s ascending channel

The… Read more on Benzinga