[Analysis: Risk assets under collective pressure, BTC and U.S. stock ETFs continue to face capital outflows] According to Cointelegraph, as the U.S.-Israel-Iran war enters its fourth week, market risk appetite has contracted, and Bitcoin's performance remains weak, with its price briefly falling below $70,000. Capital is accelerating its withdrawal from risk assets: S&P 500 and Nasdaq 100 ETFs saw a combined outflow of $64 billion over the past three months, setting a historical record; spot BTC ETFs experienced an outflow of $253 million over two days. Glassnode data shows that the market is struggling to absorb selling pressure, with BTC net realized profit-taking briefly rising to $17 million per hour, followed by a price drop below $70,000. Analysts pointed out that the current trend is comparable to the 2022 Russia-Ukraine war period, where BTC may first rebound and then weaken. Other opinions suggest that Bitcoin's price is unlikely to improve before the Iran war subsides and may bottom out near $55,000 before recovering.