Bitcoin Slides 30% with $2B Liquidations and ETF Outflows
Bitcoin has retreated more than 30% from its October peak, sparking roughly $2 billion in leveraged bet liquidations and pushing total crypto market capitalization below $3 trillion. November is on track to be Bitcoin’s weakest month since the 2022 collapse. U.S. spot Bitcoin ETFs recorded $903 million in net outflows in a single day, the largest exodus since February’s tariff-driven selloff. Analysts say long-term holders are cashing in gains and that cooling demand indicators suggest the cycle’s growth wave has peaked. Key buyers like corporate crypto treasuries have reduced purchases as their market caps fell from $176 billion to $99 billion. Experts warn of reflexive selling: falling prices trigger more sell-offs with no clear catalyst to reverse the trend. Despite the downturn, Bitcoin remains over 20% higher year-over-year. Institutional adoption, a constructive regulatory backdrop and new ETF listings signal a deep correction rather than a full bear market. Traders should monitor risk appetite, Fed rate guidance and ETF fund flows for stabilization cues.
Bearish
Bitcoin’s 30% drop, $2B in liquidations and $903M ETF outflows highlight strong selling pressure, echoing 2022 sell-off reflexivity. Without clear bullish catalysts and with cooling demand from both retail and institutional layers, the near-term trend remains downward. Similar episodes led to further 15–20% slides before stabilization. In the short term, traders may face heightened volatility and potential capitulation. However, constructive regulation and ongoing institutional adoption could establish a long-term base. Overall, bearish sentiment is likely to persist until clear signs of renewed inflows or supportive Fed policies emerge.