Bitcoin slides below $70K amid thin liquidity, ETF outflows
Summary
Bitcoin fell below $70,000 to about $68,607, down 9.2% over a week, as sentiment sank to “extreme fear.” Analysts cited institutional outflows, tighter liquidity, rising Treasury yields and a stronger dollar. Bitcoin dropped 5.9% from Nov. 5 to 12 while the Nasdaq 100 gained 6.4%. Order-book depth on major exchanges fell about 33% below normal, raising concerns that thin liquidity and high leverage could worsen volatility. US spot Bitcoin ETFs recorded billions of dollars in recent net outflows, including more than $2 billion from BlackRock’s IBIT over nine consecutive sessions.
