BTC down to $73000 - Let the FUD begin!

[NotATether]

(reposted from my Altcoinstalks topic)

Source: Bitcoin drops below $73,000 as US strikes on Iran spark $1 billion liquidations

Bitcoin broke below $73,000 for the first time in months as fresh U.S. strikes on Iran sent risk assets lower and triggered one of the largest liquidation events of the year.

Bitcoin traded at $72,978 in Asian hours Thursday, down 3.4% over 24 hours and 6.3% over the past seven days, per CoinDesk data, after touching a low of $72,912. TEther (ETH) fell 4.2% to $1,976, losing the $2,000 level, and is down 7.7% over the past seven days. Solana (SOL) dropped 3.5% to $80.57, XRP slid 3.6% to $1.28, and Dogecoin lost 3.2% to $0.0979.

Hyperliquid (HYPE) was the only major to hold a weekly gain, down 4.5% on the day but still up 2.4% over the past seven days. Tron (TRX) held a 1.9% weekly gain despite the broad decline.

The drop flushed leveraged traders. CoinGlass data shows $958.8 million in total liquidations over 24 hours across 167,706 traders, with $897 million coming from long positions and $61 million from shorts.

Bitcoin liquidations led at $386 million, followed by ether at $246 million, with the largest single liquidation order was a $15.34 million BTC position on Hyperliquid.

A 93% long-skew on a near-billion-dollar flush is what happens when traders are positioned for a recovery and the market moves the other way. The leverage built up through the mid-May range got cleared in a single session.

The trigger came from the Middle East. U.S. Central Command carried out airstrikes on an Iranian military site near the Strait of Hormuz and shot down four one-way Iranian attack drones fired at a commercial ship, with a U.S. official describing the action as defensive and aimed at maintaining the ceasefire that began last month.

The U.S. Treasury imposed new sanctions on Iran's Persian Gulf Strait Authority, accusing it of extorting vessels transiting the strait. Iran targeted the American airbase the strikes originated from, according to a report citing the Islamic Revolutionary Guard Corps.

Kuwait said it was responding to hostile missile and drone threats, with its army warning that explosions heard in the country were air defense systems intercepting targets.

President Donald Trump said no single nation would control the waterway. "It's international waters," Trump told a cabinet meeting at the White House. "The strait's going to be open to everybody," adding that the U.S. would "watch over it."

Risk assets fell across the board. The MSCI All Country World Index retreated 0.4% from a record high, a gauge of Asian shares dropped 1.7%, and futures for the S&P 500 and Nasdaq 100 pointed lower. Oil climbed as the strikes clouded the outlook for a deal to reopen the strait.

The reaction shows how quickly the ceasefire optimism that had been building unwound. Crypto had held its range through several weeks of Iran headlines, with bitcoin staying above $74,000 even as ETF demand cooled. Thursday's strikes broke that floor, and the speed of the liquidation cascade suggests traders were caught leaning the wrong way.

Well, I can't really blame retail traders for behaving like chickens in times like this, but us over here, we have balls of steel, right?

Personally, I myself do not find this news very interesting, but I'm sure many conspiracy theorists (they're not skeletons underwater like that meme yet?) will try to spread more FUD about Bitcoin now that the price is down again.

[Dave1]

^^ Yeah, I guess those bears are going to get out of their hiding spot again to spread FUD to bring down the market. Specially the fresh and new strike of US in Iran.

In any case, I would say that most of us here are mentally tired to hear this kind of FUD.

And perhaps it won't affect us in the short or even long term. As you have said, balls of steel, doesn't matter what is happening outside, as long as we can and will continue to buy and accumulate.

[Oshosondy]

I said on this thread that bitcoin price is falling below the May candle and increasing back immediately, but there was a suggestion that bitcoin may fall to $72000: https://bitcointalk.org/index.php?topic=5583995.msg66763277#msg66763277

I used the daily candles to predict that bitcoin price may not increase above $78000 again this month. I purposely posted it on trading discussion board, and that triple top will be a massive blow, but it is happened  already during the double top.

Followed by the news that miners sold almost 21000 BTC on Binance recently: https://bitcointalk.org/index.php?topic=5584209.msg66770481#msg66770481

I think this would have happened without the war. If we are in bull market, this war can not stop the bull run. We are still in the bear market.

[Zaguru12]

Well, I can't really blame retail traders for behaving like chickens in times like this, but us over here, we have balls of steel, right?

Personally, I myself do not find this news very interesting, but I'm sure many conspiracy theorists (they're not skeletons underwater like that meme yet?) will try to spread more FUD about Bitcoin now that the price is down again.

Retail traders are definitely supposed to be cautious at all the time, so they should behaving like chickens no doubt, the only set of people who will surely be left unfazed by this new trend will definitely be long term investors.

Sincerely this was expected, from the various analysis going on, on this forum to the clear indication from bitcoin itself that it will be changing trend after what was a good run of bull I think the market was seriously looking to break down and fill most of the gaps left behind during the bullish period

[Bobrox]

Sadly current bad news make bitcoin get crash significant and today the lowest price dump to $72,700 based on Binance exchange market rate, Iran attacks US base in Kuwait make bitcoin have dump in last few days get significant dump after this attacking and I hope United State government don't attack back give opportunity for bitcoin raise up again above $80k. Actually I am so excited after bitcoin success hitting above $82k and the second quarter usually has moment for bitcoin will break out but this time looks stable and dump to lower price more dominance for bitcoin.

The ongoing conflict between Iran and the United States make market not stable yet and many time dump significant, I hope its last dip for bitcoin and as soon as possible recovering back to higher price exactly break out to $80k.

[Marvelockg]

The ongoing conflict between Iran and the United States make market not stable yet and many time dump significant, I hope its last dip for bitcoin and as soon as possible recovering back to higher price exactly break out to $80k.

The advantage that we have here is that there are more positive remarks about bitcoin than the negative ones and so, even when FUD affects those that are mere retail investors, it is generally rare before it gets at us.

Bitcoin down to $73k, it only makes long term investors buy at a lower price.  long term investors will always experience some level of fear but the longer you stay invested in bitcoin, the more you get to understand that this too shall pass away.

[Churchillvv]

My last speculation was that if Iran can maintain a seize fire till this month is over then we will probably see that bitcoin will maintain 75k to 82k but unfortunately they don’t have the patience as I thought they will have towards US, here we are but however this is what bear market is really about the unforeseen downs that comes at the point we expect turning.

[arwin100]

Well, I can't really blame retail traders for behaving like chickens in times like this, but us over here, we have balls of steel, right?

Personally, I myself do not find this news very interesting, but I'm sure many conspiracy theorists (they're not skeletons underwater like that meme yet?) will try to spread more FUD about Bitcoin now that the price is down again.

I always see it normal on which if there's a dump happen this one always attract lots of FUD, but actually this is not new on Bitcoin. Also it already pass to many doubtful situation, but Bitcoin survive and we always see it moves forward.

Even if retail traders got panic in this situation or remain calm despite of this storm then still aiming for long term growth, Bitcoin bad market movements is temporary. But Bitcoin potential still strong and more good adoption still happens despite of those difficult market situation.

[Zanab247]

To me, this is another opportunity to buy more BTC and continue hodling, because there will be bright future ahead of those that will hodl until the price of BTC begin to pump to break into another high in the future. Some people will really regret see the price of BTC dump to $73k , because what they are expecting in this month of May is to see the price of BTC hit back to $100k before they can start selling their BTC but base on the war that is going on between Iran vs U.S, made the price of BTC to dump to this current price that is attracting investors to continue accumulating BTC.

I'm very confident that this price will surely going to increase higher in the future and it will create more opportunities that will make those that will hodl till the price hit higher to their satisfaction before they will be move to start releasing their BTC to earn massive profits. For those who don't understand how to strategize will just conclude to sell at lost, which is not a good decision.

[Bushdark]

My last speculation was that if Iran can maintain a seize fire till this month is over then we will probably see that bitcoin will maintain 75k to 82k but unfortunately they don’t have the patience as I thought they will have towards US, here we are but however this is what bear market is really about the unforeseen downs that comes at the point we expect turning.

There has been various news about the Iran seize fire to be ending soon but I am not sure this war is going to end soon since Trump want to have full access to the iranian enrich uranium. There has been different politics around the world which shows that the crypto market is going to be affected just like other financial markets.
We should not expect to see a bull movement in the price of Bitcoin for now, and the price of Bitcoin is going to rally for now which we don't know how long it's going to take for this whole politics to end.

[aoluain]

As per NotATether I dont find this report ot the market move interesting either.

I view it as inevitable really. I'm harping on for the last few months that 'we are still in a Bear market'
and that the market has been artificially inflated because of whats going on in the middle east.

But yea, maybe Trump will say some nonsense next Sunday evening and the markets will be full of
positivity on Monday morning...........again.

Because thats whats been happening, someday soon that will  all come to a head and the markets
will have to correct bog time IMO.

[Churchillvv]

My last speculation was that if Iran can maintain a seize fire till this month is over then we will probably see that bitcoin will maintain 75k to 82k but unfortunately they don’t have the patience as I thought they will have towards US, here we are but however this is what bear market is really about the unforeseen downs that comes at the point we expect turning.

There has been various news about the Iran seize fire to be ending soon but I am not sure this war is going to end soon since Trump want to have full access to the iranian enrich uranium. There has been different politics around the world which shows that the crypto market is going to be affected just like other financial markets.
We should not expect to see a bull movement in the price of Bitcoin for now, and the price of Bitcoin is going to rally for now which we don't know how long it's going to take for this whole politics to end.

Firstly I will never be part of those who expects bitcoin to perform very well in 2026 because it’s a bear market and I don’t see fast run or price during bear market and this will not be the first from my perspective, so expecting bitcoin to do better is just hanging your hopes high.

For the Iranian war I didn’t expect it to continue this way because of the bilateral relationship that were supposed to be meet up but from what I’m seeing the meetings and terms of seize fire for Iran and US are not in line so the war is likely to continue.

[Asiska02]

Well, I can't really blame retail traders for behaving like chickens in times like this, but us over here, we have balls of steel, right?

Personally, I myself do not find this news very interesting, but I'm sure many conspiracy theorists (they're not skeletons underwater like that meme yet?) will try to spread more FUD about Bitcoin now that the price is down again.

As expected, one cannot get tired of them because they’ll keep coming and push for a different narrative and spread fears into the minds of many investors. This is all a process and with time, it’ll become something of the past. The believe and conviction that one has about the future of the currency should be enough not to fall for the FUD, they’ll always come and at some point you’ll get tired of seeing them. This is just a gibberish one per say, we should not be surprised at more intense one than this but with the balls of steel we have, it makes us unshaken to the event that will push for it, and only hope for the best for the currency which we’re assured of it to come.

[SamReomo]

Those who create FUD should get a life because even if Bitcoin falls back to $65k I'll find that as another opportunity to accumulate more in Bitcoin and overtime such accumulation increases. The FUD and those big dips are great opportunities for some investors who know how to accumulate more Bitcoin for cheaper rates during such dips.

They can later sell Bitcoin to either average their positions or take their profit. Let's say someone who buys 1 Bitcoin when Bitcoin falls to $65k value and after a week or two the same Bitcoin reaches $70k again then that person can sell that Bitcoin and earn more than $4.95k and that's a good profit in short time.

[JeffBrad12]

Not even 2 month ago we're at $65k and $73 is still within the sideways range and only weakly indicates bear sentiment.
The fudders will not come out because it's nothing more than a sideways and not a flash dump.

Overall still a pretty strong market and this price could be a higher low.

[el kaka22]

FUD will happen no matter what ,it is not going to be easy and we are going to end up with not great results for the long term. We have to accept that even under 70k is possible at this moment, it is not going to be impossible to go that low. We have to focus on how to get better results, we should not be seeing how this could be all that complicated on the long run.

If we can handle this, then it is going to be fine for all of us, and shouldn't be a problem at all. I get that it is not easy to handle, but as long as we have what we have, there is nothing to do in this case and shouldn't be an issue. If you see this FUD and fear and sell, then it is a problem, if you see it and think when to buy cheap, that will be fine.

[dansus021]

The moment that we all have been waiting for the moment that a lot of mainstream media gonna se BITCOIN is DEAD 

Well, I can't really blame retail traders for behaving like chickens in times like this, but us over here, we have balls of steel, right?

WE should stand together and stand still against the bear market haha, to be honest I dont know whether today's market is considered a bear market or not because today's market is hard to predict, but hey bear market is a part of the market itself.

[Alpen]

Judging by the appearance of a Doji reversal candle on the chart, Bitcoin will temporarily halt its decline, and we can expect an upward correction. This reversal is confirmed by peak trading volumes, which often occur at market extremes.

On the fundamental side, traders have already priced $100 oil into Bitcoin's current price. Therefore, the worst-case scenario we can expect is sideways movement for BTC, even if Donald Trump refuses to sign the peace agreement with Iran. He has already lost all his wars.

[Oshio-man]

My last speculation was that if Iran can maintain a seize fire till this month is over then we will probably see that bitcoin will maintain 75k to 82k but unfortunately they don’t have the patience as I thought they will have towards US, here we are but however this is what bear market is really about the unforeseen downs that comes at the point we expect turning.

That is, this new sign of green light in the market it will last long to bring the wish of the investors because over some days now the green light is still on despite the price is not increasing higher but there is a hope that bullish season will going to take place tomorrow or next month, base on some of the words the two president gave show that they stand for peace and that peace will make this green light to make the price of bitcoin to increase to investors expectation because that is what investors are waiting to experience before they can start spreading the news to alert those that want to see bullish season again before they can invest in bitcoin, there are some rumors that the world peace maker have switched into the peace between US and Iran because world know that the two countries mean so much and they will not allow the war to consume their citizens or allow it to affect the growth of world economic.

[EarnOnVictor]

Well, I can't really blame retail traders for behaving like chickens in times like this, but us over here, we have balls of steel, right?

Kudos to you guys who have that "balls of steel." After all, you are the big guys. But for us with our widow's mite, we need to be smart about it. It was a Go for me in the very first week in April, and I enjoyed it while it lasts, even as my "call to action" detector was as simple as EMA50. But it was on the monthly chart and it gave the Go from $65,650.

However, on getting to $80K+ with some hesitancy, I knew trouble was lurking, so I was out for good. Now, the monthly candle will close negative today, does that mean something? I don't think I want to find myself in that situation.

I prefer to accumulate lower, rather than experiencing a reduced value that's preventable.