Bitcoin prices retracted toward $60,000 this weekend, pressured by institutional outflows from spot ETFs and a cascade of forced liquidations across margin trading platforms.
The asset hit a low of $62,112 during Sunday’s Asian session, marking its weakest valuation since July 14, 2025, and extending a 25% drawdown since late October 2024.
- Institutional investors pulled nearly $3 billion from U.S.-listed spot Bitcoin ETFs between October 30 and November 13, 2024, as risk appetite changed.
- Over $2 billion in total cryptocurrency positions were liquidated within 24 hours as of Sunday morning, with Bitcoin and Ether accounting for the bulk of the forced exits.
- The contraction of stablecoin supply by $17 billion over the past month indicates a tightening of available liquidity, further compounding downward price pressure.
The recent market volatility follows a breakdown in technical support levels. Bitcoin breached its 200-day moving average near $73,000, a move that triggered a wave of automated short positions and the forced closure of long-exposure bets. According to data from Coinglass, $774 million in Bitcoin positions and $488 million in Ether positions were liquidated in a single day.
Blockchain analytics firm Glassnode identified a high concentration of potential liquidations clustered between $59,500 and $62,600. The decline coincides with a broader retreat in the crypto sector, as Ether fell to $1,711, its lowest point since July 8, 2025.
Strategy (NASDAQ), the largest corporate holder of Bitcoin, is managing significant unrealized losses. As of Saturday, the firm’s 850,364 bitcoins were valued at approximately $54.8 billion, trailing their aggregate acquisition cost of $64.16 billion. Executive Chairman Michael Saylor has noted the relative stability of the company’s preferred stock, STRC, which delivered a 13.4% return over the past year including dividends.
| Asset | Price Change (Sunday) | Current Status |
|---|---|---|
| Bitcoin | -17% (Weekly) | Testing $60k support |
| Ether | -5.13% | $1,807.91 |
| Solana | -6.45% | Declining |
| XRP | -3.34% | $0.9624 |
The market is currently pricing in uncertainty regarding the Federal Reserve’s December policy meeting. Elevated interest rate expectations have diminished demand for speculative assets, a trend clearly reflected in the seven consecutive sessions of net outflows from spot Bitcoin ETFs. The reduction in stablecoin liquidity—a key engine for crypto-market volatility—further limits the capacity for a near-term recovery.
Investors are monitoring the $60,000 threshold as a critical psychological and technical floor.
Disclaimer: The information provided in this article is for educational and informational purposes only and does not constitute financial advice.
Earlier coverage: Bitcoin Falls to $63,528 as ETF Outflows and Rate Hike Expectations Weigh
