Bitcoin has experienced a significant decline, falling 3.3% to $72,600, its lowest price in six weeks, amid rising geopolitical tensions and substantial outflows from Bitcoin ETFs. In May alone, Bitcoin ETFs are projected to see $2.07 billion in net outflows, the highest monthly withdrawal since November 2022. Notably, BlackRock’s iShares Bitcoin Trust ETF faced $527.84 million in outflows on a single day, indicating a trend of institutional investors reducing their exposure. This selling pressure coincides with ongoing U.S.-Iran tensions and concerns regarding inflation, particularly as the upcoming U.S. core Personal Consumption Expenditures (PCE) data is expected to show a rise to 3.3% year-on-year. Analysts are closely monitoring Bitcoin's technical indicators, with a potential drop to $65,000 if it breaks below its current support levels. The market remains cautious as investors weigh the implications of inflation data and geopolitical developments on Bitcoin's future price trajectory.