Overview
- Bitcoin fell toward $62,000 on November 15 after a rapid unwind that combined concentrated ETF withdrawals and a wave of forced liquidations.
- U.S. spot Bitcoin ETFs recorded roughly $1.91 billion in net outflows over seven trading days through November 13 and about $2.35 billion across two November weeks according to flow trackers.
- Outflows were highly concentrated in BlackRock’s IBIT and Fidelity’s FBTC on key days, with IBIT recording the largest single‑fund withdrawals during the streak.
- Derivatives liquidations surged to about $1.96–2.02 billion in a 24‑hour window, including roughly $750 million tied to Bitcoin and roughly 80% of Bitcoin liquidations coming from long positions.
- Market watchers point to stronger U.S. inflation and higher rate expectations, tech and AI stock weakness, a shrinking stablecoin supply, and event‑driven flows as likely contributors, and they say the next moves will depend on whether ETF demand, spot buyers, or easing macro signals return.