Bitcoin Slips Under $73K as Crypto Liquidations Near $1B - Decrypt
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Bitcoin Slips Under $73K as Crypto Liquidations Near $1B
DecryptNewsMarkets
Bitcoin Slips Under $73K as Crypto Liquidations Near $1B
The near-$1 billion crypto liquidation spree comes amid rising tensions over the U.S.-Iran conflict and ETF outflows.
[](https://decrypt.co/author/akashgirimath)
By Akash Girimath
Edited by Stephen Graves
May 28, 2026 May 28, 2026
3 min read
Image: Decrypt/Shutterstock
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#### In brief
- Bitcoin fell to lows of $72,711 Thursday, as ETFs shed $1.02 billion across three days.
- $937 million in crypto liquidations occurred despite Bitcoin sliding less than 4%, highlighting leverage in the ecosystem.
- Myriad users now see a 62% chance of Bitcoin hitting $84,000, down from 74% on Tuesday.
The crypto market saw almost $1 billion in liquidations over the past day as Bitcoin dipped under $73,000, with U.S. investors continuing to withdraw capital from spot Bitcoin ETFs amid escalating geopolitical tensions.
BitcoinBitcoin dropped to an intraday low of $72,712 Tuesday, and is currently trading at $73,330 down 3.3% over the past 24 hours, per CoinGecko data. BTC's performance over the past week and year remains lackluster at -6% and -33%, respectively—underscoring the state of crypto markets, especially as the U.S. stock market, supported by the AI boom, continues to climb higher. The S&P 500 index is just 0.25% below its all-time high of 7,539.
BTC
24H 7D 1M 1Y MAX
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Over the past 24 hours, $931 million worth of positions have been liquidated across the crypto market, per Coinglass data, even as Bitcoin fell less than 4%. It highlights that investors are using high leverage even as the leading crypto continues to chop in the $77,000 to $78,000 range.
What’s driving the downturn
The crypto market downturn comes as spot Bitcoin ETFs have been on an outflow streak over the past two weeks. In just three days, this week’s total outflows have hit $1.02 billion, adding to the last two weeks’ $1.26 billion and $1 billion outflows, according to SoSoValue data.
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