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Bitcoin Slides Amid Geopolitical Tensions & ETF Outflows

March 28, 2026, 12:00 AM150 words10 sources
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Bitcoin Slides Amid Geopolitical Tensions & ETF Outflows

Photo: Pexels / Melvin Silva

Bitcoin experienced a significant downturn, falling below $66,000 amidst escalating geopolitical concerns, particularly regarding the US-Iran conflict and Ukrainian strikes on Russian oil infrastructure. This decline triggered over $500 million in liquidations, disproportionately impacting long positions. Spot Bitcoin ETFs recorded substantial outflows of $171 million on Thursday, the largest in three weeks, signaling investor risk aversion. Analysts at Bitwise remain optimistic about Bitcoin reaching $80,000 before $60,000, anticipating a rally after the April 15 tax deadline, though some caution a deeper correction isn't impossible. The departure of David Sacks from his role as Trump’s “crypto czar” also contributed to market anxiety. While some analysts see potential for a rebound, particularly with Solana showing bullish signals, the overall sentiment remains bearish, with a 53% probability of Bitcoin staying below $66,000 by April 24. Notably, MicroStrategy continues to aggressively accumulate Bitcoin, contrasting with a near halt in purchases by other corporate treasuries.

Source Articles

This article is based on analysis of 15 source articles from our news database.

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