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DISPATCH · Nº 0329

Bitcoin at $75K · ETF gravity vs. Iran risk-off

Monday April 20, 2026, midday PT. BTC sits near $75,400, down ~2.5% on the session as fresh US–Iran tension pulls risk assets lower. Underneath the red candle: spot ETFs pulled ~$1B in net inflows last week (strongest since mid-January), and Strategy added 89,618 BTC in Q1. A quick beach-read catch-up for anyone half-watching between swims.

Bitcoin is trading near $75,400 at midday Monday, down about $475 from yesterday morning and roughly 2.5% off Sunday's open. The day's red candle has a clean narrative — fresh friction between Washington and Tehran pu…