Bitcoin BTC $ 69,516.39 traded at $69,500 mid-morning in Europe after giving up its gains following a rejection at $71,750. The largest cryptocurrency dropped 0.55% since midnight UTC, a loss that was largely attributed to the U.S.-Israel war with Iran. Over $220 million worth of crypto futures bets have been liquidated in the past 24 hours, with most of these losses accounting for most of the liquidation. Open interest (OI) in dollar-denominated bitcoin futures on major exchanges has declined to 226,000 BTC from 233,000 B. The 30-day implied volatility index, BVIV, fell for a third straight day, but its major averages are now stacked one above the other, indicating volatility could increase. Meanwhile, XRP futures saw activity grow, with open interest rising to 1.74 billion tokens, the highest since Feb. 23. The AI token internet computer (ICP) also rose by over 8% after it was listed on Korean exchange Upbit, rising from $65 million to $267 million following its listing. Despite this, there are concerns that institutional appetite for these tokens remains weak.