Bitcoin slid 7% to a nine-week low as US and Iran strikes helped to drive $1.8 billion in crypto liquidations.

US strikes on Iranian drone sites near the Strait of Hormuz sent Bitcoin below $77K, triggered $300M in liquidations, and drove 700% outflow surges on Iranian exchanges.

Bitcoin begins the week with a trip below $73,000 as macro forces square off with misgivings about the Bitcoin bear-market bottom.