Bitcoin tumbles to $67K as $1.4B liquidations and BTC ETF outflows hit market
Bitcoin plunged to about $67,000, breaking below its 2021 peak and erasing most gains since the 2022 bear-market low as heavy leveraged selling produced roughly $480 million in liquidations in the past hour and about $1.4 billion over 24 hours (Coinglass). Ether slipped below $2,000, Solana to around $84 and XRP to $1.29, dragging total crypto market cap down more than 7% to roughly $2.3 trillion. Spot BTC ETFs recorded net outflows exceeding $800 million over two days, while ETH ETFs saw roughly $68 million of outflows this week (SoSoValue). The sell-off amplified paper losses for some corporate treasuries that hold large crypto positions, with the largest BTC corporate holder showing multi-billion-dollar unrealized losses and related equity sell-offs ahead of earnings. The risk-off move spilled into equities and precious metals—S&P 500 and Nasdaq fell, while gold and silver also retreated—marking one of the steeper cross-asset resets since late 2022. For traders: expect heightened volatility and continued short-term downside risk for BTC and other major tokens. Key items to monitor are BTC ETF flows, exchange liquidation data and funding rates, order-book liquidity, spot precious metals and dollar strength, and corporate treasury disclosures and earnings that could prompt further selling or temporary capitulation bounces. Primary keywords: Bitcoin, liquidations, BTC ETF outflows, crypto market cap, leveraged selling.
Bearish
The combined reports point to immediate downside pressure on BTC. Large, concentrated liquidations (≈$1.4B over 24 hours) and substantial spot BTC ETF outflows (> $800M) indicate forced selling and reduced institutional spot demand — both directly bearish for price. Correlated weakness across ETH, SOL and XRP plus weak equities and precious metals suggest a broad risk-off environment that can sustain selling pressure and elevated volatility. Short-term: higher probability of further declines, cascade liquidations, and thin order-book liquidity leading to amplified moves. Medium-term: if ETF outflows persist or corporate holders realize losses (selling to cover), downward pressure could continue until either buying from long-term holders or stabilizing macro signals (dollar weakening, equities rebound) restore demand. Key risk mitigants are potential capitulation bounces, where oversold conditions attract buyers, and any reversal in ETF flows. Overall, price impact is predominantly negative until clear reversal signals appear (reduced outflows, lower funding rates, improving liquidity).