Bitcoin’s price has fallen to a three-month low near $62,000 on November 15 as continued withdrawals from US spot Bitcoin ETFs and heavy leveraged liquidations weigh on the cryptocurrency market.
Summary
- Bitcoin price dropped toward $62,000 on November 15, extending its weekly losses to nearly 15%.
- US spot Bitcoin ETFs recorded approximately $1.91 billion in withdrawals across seven consecutive trading sessions.
- Bitcoin liquidations approached $750 million, with long positions accounting for nearly 80% of the total.
- Crypto analyst Michaël van de Poppe described the selloff as unusually severe, citing stretched moving averages.
- Bitcoin price faces support near $62,000,…
