Bitcoin and US stock ETFs are experiencing significant capital outflows as geopolitical tensions rise. Bitcoin's price briefly dipped below $70,000, with spot BTC ETFs seeing $253 million in outflows over two days. Meanwhile, S&P 500 and Nasdaq 100 ETFs have recorded a combined outflow of $64 billion in the past three months, marking a record high. The ongoing US-Israel-Iran conflict, now in its fourth week, has led to a contraction in market risk appetite. Glassnode data indicates that Bitcoin's net profit-taking reached $17 million per hour before the price fell back. Analysts draw parallels to the 2022 Russia-Ukraine conflict, suggesting potential initial rebounds for Bitcoin, but caution that prices may not improve until the geopolitical situation stabilizes, with a possible bottom around $55,000.