The outflows have not been a one-day blip. Withdrawals from spot bitcoin funds reached $1.44 billion over the week, the heaviest weekly total of 2026, and the streak of daily losses stretched to 12 sessions.
War Headlines Keep Traders On EdgeThe damage has been sharp when leverage gets involved. Nearly $1 billion in borrowed crypto bets were wiped out in a 24-hour span during one strike weekend, and long positions accounted for 93% of those losses.
The conflict has also spilled into diplomacy. Iran suspended ceasefire talks with the US after Israeli strikes in Lebanon, while US President Donald Trump said the talks were still continuing, even as Iranian state media gave a different account.
Charts Put $60,000 Back In ViewTechnical analysts are now focused on the next line of defense. An analyst said bitcoin has already lost the $72,000 and $68,000 levels, while a rounding-top pattern is adding to the case for more downside.
A close below $65,000 could leave $60,000 exposed. That level has become the one traders mention most often as the market tries to decide whether the recent drop is a pause or the start of a deeper slide.
Featured image from Pexels, chart from TradingView
