Price drop: BTC falls to $72,613, down 4.3% in 24 hours, marking a 15-month low

Technicals: RSI at 14 (extreme fear), all major moving averages signal "Sell", key support at $72,756

Catalysts: Geopolitical tensions (U.S.-Iran), stronger U.S. dollar, ETF outflows of $272M on Feb 3, whale sell-offs to exchanges Link

Market Status

BTC trades at $72,613, down 4.3% in 24 hours and 18.6% over seven days, with a market cap of $1.45T

24-hour trading volume reaches $65.5B, with Bitcoin accounting for 59.4% of the total crypto market dominance

Fear & Greed Index plunges to 14, signaling "Extreme fear," the lowest level in recent months#USIranStandoff

ETF data shows net outflow of $272M on February 3, following a $561.8M inflow on February 2

Trading Strategy

Key support identified at $72,756-$71,725; a break below could lead to $70,040, with $50,000 as a potential next target

RSI at 14 indicates oversold conditions, suggesting a potential technical rebound, but all moving averages (5-day to 200-day) signal "Sell"

Resistance looms at $86,000; a recovery requires volume expansion above $80B to confirm bullish momentum

Consider accumulation in the $72,000-$75,000 range, with a stop-loss below $71,725 to manage downside risk

Core Driving Factors

Geopolitical tensions, particularly the lack of U.S.-Iran talks, have increased risk aversion, weakening Bitcoin

A strengthening U.S. dollar, driven by tighter monetary policy expectations, is capping Bitcoin's upside

Whale activity shows significant sell-offs, with 1,861 BTC ($136M) transferred from an unknown wallet to Coinbase

ETF outflows and macroeconomic factors, such as labor market data, are estimated to influence 90% of Bitcoin's performance

Risk Warning

Market remains highly volatile with strong bearish momentum; caution advised for leveraged positions