Bitcoin\u2019s price tumbled, losing more than 3.5% in the past 24 hours.<\/p>\n
The move saw the cryptocurrency decline by over $2,000, resulting in elevated liquidations across derivatives positions, which currently amount to slightly less than $1 billion.<\/p>\n
<\/a>Source: TradingView<\/p>\n There are a few reasons for this, so let\u2019s have a look at the most likely ones.<\/p>\n As\u00a0CryptoPotato\u00a0<\/em>reported<\/a> earlier today, the US resumed strikes on Iran. To be precise, they targeted an Iranian military site, while the US shot down a total of four Iranian drones, which posed a threat around the Strait of Hormuz, according to available coverage.<\/p>\n Speaking on the matter, an official told Reuters:<\/p>\n \u201cThese actions were measured, purely defensive, and intended to maintain the ceasefire.\u201d<\/p>\n That said, there already was a retaliation on behalf of Iran, which struck a US base in Kuwait. The country\u2019s IRGC released a statement, confirming the attack, and saying that \u201caggression will not go unanswered.\u201d<\/p>\n Oil prices surged on the news, rising 5% and putting additional strain on the global economy, which in turn had an immediate impact on Bitcoin\u2019s price. The latter is widely seen as a risk-on asset, meaning that geopolitical uncertainty is much more likely to negatively impact its short-term value.<\/p>\n Yesterday, we reported<\/a> that someone offloaded 29 million shares of IBIT (BlackRock\u2019s spot Bitcoin ETF). That position alone was worth a whopping $1.3 billion, officially making it the largest block trade of this kind and marking the largest single-day outflow from BTC ETFs.<\/p>\n Now that we have more context, it raises the question: did the entity have inside information about what\u2019s to come?<\/p>\n Speculation aside, spot Bitcoin ETFs have grown to a position of importance and liquidating large portions surely have more than just an immediate impact on the price. They signal confidence (or the lack of) in the asset and a $1.3 billion block sale is surely to raise more than just a few eyebrows.<\/p>\n The post 2 Reasons Bitcoin Price Crashed Below $73,000 Today<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" Bitcoin\u2019s price tumbled, losing more than 3.5% in the past 24 hours. The move saw the cryptocurrency decline by over $2,000, resulting in elevated liquidations across derivatives positions, which currently amount to slightly less than $1 billion. Source: TradingView There are a few reasons for this, so let\u2019s have a look at the most likely […]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-171724","post","type-post","status-publish","format-standard","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/171724"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=171724"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/171724\/revisions"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=171724"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=171724"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=171724"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}US Resumes Strikes on Iran<\/h2>\n
$1.3B Block Sale on BlackRock<\/h2>\n
![<\/a>Source: TradingView<\/p>\nThere are a few reasons for this, so let\u2019s have a look at the most likely ones.<\/p>\nUS Resumes Strikes on Iran<\/h2>\nAs\u00a0CryptoPotato\u00a0<\/em>reported<\/a> earlier today, the US resumed strikes on Iran. To be precise, they targeted an Iranian military site, while the US shot down a total of four Iranian drones, which posed a threat around the Strait of Hormuz, according to available coverage.<\/p>\nSpeaking on the matter, an official told Reuters:<\/p>\n\u201cThese actions were measured, purely defensive, and intended to maintain the ceasefire.\u201d<\/p>\nThat said, there already was a retaliation on behalf of Iran, which struck a US base in Kuwait. The country\u2019s IRGC released a statement, confirming the attack, and saying that \u201caggression will not go unanswered.\u201d<\/p>\nOil prices surged on the news, rising 5% and putting additional strain on the global economy, which in turn had an immediate impact on Bitcoin\u2019s price. The latter is widely seen as a risk-on asset, meaning that geopolitical uncertainty is much more likely to negatively impact its short-term value.<\/p>\n$1.3B Block Sale on BlackRock<\/h2>\nYesterday, we reported<\/a> that someone offloaded 29 million shares of IBIT (BlackRock\u2019s spot Bitcoin ETF). That position alone was worth a whopping $1.3 billion, officially making it the largest block trade of this kind and marking the largest single-day outflow from BTC ETFs.<\/p>\nNow that we have more context, it raises the question: did the entity have inside information about what\u2019s to come?<\/p>\nSpeculation aside, spot Bitcoin ETFs have grown to a position of importance and liquidating large portions surely have more than just an immediate impact on the price. They signal confidence (or the lack of) in the asset and a $1.3 billion block sale is surely to raise more than just a few eyebrows.<\/p>\nThe post 2 Reasons Bitcoin Price Crashed Below $73,000 Today<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"Bitcoin\u2019s price tumbled, losing more than 3.5% in the past 24 hours. The move saw the cryptocurrency decline by over $2,000, resulting in elevated liquidations across derivatives positions, which currently amount to slightly less than $1 billion. Source: TradingView There are a few reasons for this, so let\u2019s have a look at the most likely […]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-171724","post","type-post","status-publish","format-standard","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/171724"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=171724"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/171724\/revisions"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=171724"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=171724"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=171724"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}](\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2026\/05\/BTCUSD_2026-05-28_11-00-24-scaled.png\"){kind=link}