Bitcoin slips nearly 5% as US and Israel–Iran war drives risk-off in ETFs

Bitcoin fell nearly 5% after a strong start to the week, moving lower alongside major US equity indexes and gold as the US and Israel–Iran war entered a fourth week. Over the past three months, outflows from S&P 500 and Nasdaq 100 ETFs hit $64 billion, while spot Bitcoin ETFs saw $253 million leave over the past two days. Analysts cited weaker liquidity and geopolitical uncertainty as factors weighing on demand, with some flagging downside levels such as $55,000–$60,000.