Bitcoin Drops to Three-Month Low Near $62,000 Amid $1.91B ETF Outflows and $750M Liquidations

AI Market Summary

Bitcoin slid to a three-month low near $62,000, pressured by roughly $1.91 billion in spot ETF outflows over seven sessions and about $750 million in liquidations, nearly 80% longs. The sharp deleveraging, compounded by inflation concerns and elevated rate expectations, has damaged short-term market structure. Oversold conditions may prompt rebounds, but flows and resistance near $65,600 remain critical.

Impact level

● High

Affected assets

BTC/USDT-1.70%

AI Insight · BTC/USDTAI Insight

▼ Bearish

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Bitcoin fell to a three-month low near $62,000 on November 15, extending its weekly decline to nearly 15%. U.S. spot Bitcoin ETFs recorded about $1.91 billion in outflows over seven consecutive trading days. Bitcoin liquidations approached $750 million, with long positions making up nearly 80%. Support sits near $62,000, with resistance at $65,600.

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