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Bitcoin Slides Toward $62,000 as ETF Outflows and Liquidations Hit Crypto

Bitcoin Slides Toward $62,000 as ETF Outflows and Liquidations Hit Crypto

Bitcoin fell toward $62,000 on Nov. 15, its lowest level in three months, as steady withdrawals from U.S. spot Bitcoin exchange-traded funds and a wave of forced selling by leveraged traders hit the crypto market, according to KuCoin News.

The weekly decline has widened to nearly 15%. For anyone who holds crypto, follows ETF flows or watches how markets react to interest rate worries, the drop is a sign of how quickly sentiment has turned.

The key numbers behind the sell-off

  • $62,000: the three-month low Bitcoin neared on Nov. 15. Crypto.news data cited by KuCoin put the intraday low at around $62,080.
  • $64,500: roughly where Bitcoin traded at the time of the report, down about 4% over 24 hours.
  • Nearly 15%: the decline…

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