Bitcoin Slides to Three- to Four-Month Low Near $62,000 as ETF Outflows Persist

The Defiant framed the same flows as the driver of the new low. Crypto.news separately reported institutional withdrawals of about $1.44 billion across five sessions through November 11, meaning the outflow streak has run for well over a week. Spot Bitcoin ETFs do not trade on weekends, so the next flow figures are due after the Monday, November 16 session.

Leveraged Liquidations

CoinGlass data showed roughly $1.96 billion in cryptocurrency liquidations over a rolling 24-hour period, with Bitcoin accounting for about $750 million. Of the Bitcoin total, about $600.5 million, nearly 80%, came from long positions, while short liquidations were $152 million. Long liquidations occur when exchanges automatically close positions whose collateral can no longer cover losses, and those forced sales can push prices lower.

The liquidation wave followed a similar episode on November 13, when leveraged positions worth more than $1 billion were closed as Bitcoin first broke below $70,000.

Macro Backdrop and Analyst Views

Inflation data added pressure on risk assets. Consumer prices rose 0.4% in October and core inflation rose 0.3%, keeping traders focused on whether the Federal Reserve will keep borrowing costs elevated. Bitcoin is also trading well below its 200-week moving average, which stood near $67,992 according to the Crypto.news report.

Analysts differ on what comes next. Michael van de Poppe called the move a rare, leverage-driven correction, noting that a three-day decline of this size has occurred only about five times a year, and said he was buying at current levels. Doctor Profit kept a bullish long-term view while naming $57,000 as his bear-market bottom and $68,000 as a potential floor he had flagged on November 13. Daan Crypto Trades noted that Bitcoin has never recorded two consecutive calendar years of losses, while cautioning that the four-year cycle is a loose guide rather than a precise forecast. The question raised by the headline, whether $60,000 is the next level, is not answered by the sources; no outlet presented a forecast with supporting on-chain or filing evidence.

Why It Matters

For Traders

Bitcoin sits below its 200-week average with ETF outflows and long liquidations unresolved, so the next Monday flow data and the $62,000 level are the near-term markers to watch.

For Investors

A multi-week stretch of ETF withdrawals alongside sticky inflation signals that institutional demand has weakened, which matters for any thesis built on sustained ETF inflows.

For Builders

Heavy long liquidations at this scale stress margin and liquidation engines, so protocols with lending or perpetuals exposure should review collateral and auto-deleveraging assumptions.