Bitcoin slips again, hovering near $72,000 as liquidity drains and risk-off sentiment grows

Bitcoin extended its drop for a second straight day, dipping to around $72,100 at one point and trading near $72,900, more than 40% below its October peak. Analysts point to a risk-off shift amid geopolitical tensions, expectations of tighter U.S. policy under a new Fed chair, and sizable institutional outflows that have thinned liquidity, weighing on prices and related crypto stocks.