Bitcoin Falls Below $63,000 Over the Weekend, Touching About $62,000: Down Roughly 15% on the Week as Spot ETFs Post Seven Straight Days of Outflows
Bitcoin fell below $63,000 in the early hours of November 15, touching an intraday low of about $62,000, near its lowest levels since July, before recovering to around $64,500. The drop extended Bitcoin's weekly loss to roughly 15%, after it had already fallen below the $70,000 mark on Friday.
The selloff came with heavy leveraged liquidations. According to CoinGlass data, about $1.96 billion in cryptocurrency positions were liquidated over 24 hours, including roughly $750 million in Bitcoin, with long positions accounting for about 80%. Fund flows added to the pressure: according to Farside Investors, U.S. spot Bitcoin ETFs posted net outflows for seven straight trading sessions from November 5 to 13, totaling about $1.91 billion.
Other major cryptocurrencies fell in step: Ether lost about 19.5% on the week and Solana about 20.7%, while total crypto market capitalization shrank by roughly 4% in a day. Spot Bitcoin ETFs do not trade over the weekend, so the next flow figures will follow Monday's (November 16) U.S. market session.
Source: CoinGlass
Published by GSM · USA (original Chinese edition)
Photo: 图：实物比特币纪念币（资料图）。照片：Shixart1985 摄，CC BY 2.0，经 Wikimedia Commons，本图已预裁为 16:9。 / Photo: A physical Bitcoin token (file photo). Photo by Shixart1985, CC BY 2.0, via Wikimedia Commons; pre-cropped to 16:9.
