Overview
- Bitcoin briefly touched $93,029 before stabilizing near the mid-$95,000s, confirming a daily 50/200-day death cross after October’s peak near $126,000.
- U.S. spot Bitcoin ETFs posted a third straight week of net redemptions (~$1.11B Nov. 10–14) with additional weekend outflows reported, pushing November withdrawals above $2.7B.
- Leveraged washouts accelerated the drop, with roughly $500M–$565M in 24-hour crypto liquidations, falling open interest and options positioning skewed to downside risk.
- The Crypto Fear & Greed Index fell into extreme fear, hitting single-digit readings as market liquidity thinned and traders watched the $93k–$95k support band.
- Altcoins extended declines—ETH neared $3,050, SOL fell to about $135–$141 and XRP slid ~9% on the week—even as Canary Capital’s new U.S. spot XRP ETF logged $58.6M in first-day volume.