Bitcoin dropped below $72,000 on Wednesday, largely due to higher than expected U.S. inflation data and rising Middle East tensions. Coinglass data shows 129,294 traders were liquidated in the past 24 hours for $406.32 million. SoSoValue data also showed net inflows of $199.4 million from spot Bitcoin ETFs. The decline puts key support between $69,000 and $70,000 in focus for further gains, but a breakdown could trigger a further pullback towards $58,000.