Bitcoin Slides to Six-Month Low as ETF Outflows and Liquidations Deepen Crypto Selloff

Weakening odds of a Federal Reserve rate cut are fueling risk-off flows from crypto funds.

Overview

Bitcoin touched $93,043 in recent hours and traded near $95,600 on Monday, leaving it down more than 20% from early-October records.
U.S. bitcoin ETFs logged about $870 million in net redemptions in a single day last week, marking one of their largest outflow sessions.
Roughly $620 million in leveraged positions were liquidated over the past 24 hours, with about 70% from long BTC and ETH bets.
Market depth has fallen around 30% from this year’s high, magnifying price swings, according to data cited from Kaiko.
Risk assets came under pressure as the probability of a December Fed cut slid to about 40% from near 90% earlier this month, and crypto-linked stocks such as Strategy, Bullish and Bitmine Immersion Technologies fell.