Bitcoin fell to a four-month low near $62,000 on Sunday, November 15, 2026, extending a cryptocurrency market selloff driven by sustained institutional fund withdrawals, leveraged liquidation
Bitcoin fell to a four-month low near $62,000 on Sunday, November 15, 2026, extending a cryptocurrency market selloff driven by sustained institutional fund withdrawals, leveraged liquidations and weakening investor sentiment. The largest digital asset subsequently recovered above $65,000 but remained almost 15% lower over the preceding seven days. CoinGecko recorded a 24-hour low of $62,080.91, Bitcoin's weakest level since July. Ether declined 19.5% over the week, while Solana lost 20.7%, illustrating how selling pressure had spread across major cryptocurrencies. The total crypto market capitalization fell approximately 4% over 24 hours to $2.26 trillion.Meanwhile, the Crypto Fear & Greed Index dropped to 10, its lowest reading in the three-day period, as U.S. spot Bitcoin exchange-traded funds recorded $2.35 billion in net withdrawals across two consecutive weeks.
Why Did Bitcoin Fall Below $63,000?
Bitcoin's latest decline accelerated after the cryptocurrency broke below $70,000 on Friday and extended its losses during weekend trading, when liquidity can be thinner than during regular institutional trading hours. The decline also pushed Bitcoin below its 200-day moving average, estimated near $73,000. GSR co-founder Rich Rosenblum attributed part of the selling to the technical breakdown, which encouraged short positions and forced liquidations of leveraged long positions. According to CoinGlass data cited in market reports, approximately $2 billion in cryptocurrency derivatives positions were liquidated over 24 hours through Sunday morning in Singapore. Bitcoin accounted for about $774 million, while Ether liquidations reached approximately $488 million. Liquidations can accelerate declines because exchanges automatically close positions when traders no longer maintain sufficient collateral. These forced transactions can generate additional selling pressure, potentially triggering further liquidations as prices fall. Bitcoin's recovery above $65,000 shows that buyers returned after the sharp decline, although the rebound does not establish whether forced selling has ended. The cryptocurrency remained substantially below its October levels, having lost approximately one-quarter of its value since October 21.
Investor Takeaway
The selloff involved both falling spot prices and forced closures of leveraged positions. Traders should distinguish liquidation-driven volatility from sustained investor selling, because a recovery following forced liquidations does not necessarily indicate renewed demand.
How Much Capital Has Left Bitcoin ETFs?
U.S. spot Bitcoin ETFs recorded approximately $1.07 billion in net outflows during the week ending November 13, following withdrawals of $1.28 billion in the previous week. The combined $2.35 billion represented the largest two-week outflow since early June. Withdrawals continued for seven consecutive trading sessions, totaling approximately $1.91 billion between November 5 and November 13. Friday's redemptions reached $185.5 million, including $143.5 million from BlackRock's iShares Bitcoin Trust (
IBIT) and $41.9 million from Fidelity's Wise Origin Bitcoin Fund (FBTC). BlackRock's fund recorded 11 consecutive trading sessions of net withdrawals, with approximately $2.35 billion leaving IBIT during that period. The concentration of outflows in the largest Bitcoin ETF contributed heavily to the industry's negative figures. The continued withdrawals follow the trend
documented by FinanceFeeds on November 14, when Bitcoin funds reported their second consecutive week of redemptions exceeding $1 billion. ETF outflows measure net withdrawals from investment products, not the total decline in their market value. Falling Bitcoin prices can reduce assets under management independently of investor redemptions.
Investor Takeaway
Two consecutive weeks of billion-dollar withdrawals indicate reduced net demand through U.S. spot Bitcoin ETFs. However, the figures do not establish whether investors are exiting crypto entirely, reducing leveraged exposure or reallocating capital to other investment vehicles.
How Severe Is the Selloff Across Other Cryptocurrencies?
Ether and Solana suffered larger weekly percentage declines than Bitcoin, with losses of 19.5% and 20.7%, respectively, according to CoinGecko's Sunday figures. Institutional selling also extended beyond Bitcoin. U.S. spot Ether ETFs lost approximately $398.9 million during the week ending November 13, their seventh consecutive week of net withdrawals. Solana-linked products recorded another $32.1 million in weekly outflows. Across the cryptocurrency ETF market, combined weekly net withdrawals reached approximately $1.55 billion. Of the 15 digital asset fund categories tracked by SoSoValue, 10 experienced outflows, four reported no net flows and Avalanche was the only category to attract capital, with approximately $227,000 in inflows. The Crypto Fear & Greed Index reflected the deterioration in market sentiment, declining from 20 on Friday to 13 on Saturday and 10 on Sunday. All three readings fell within the index's extreme fear category. The index combines market indicators into a sentiment measure. Its reading is not a direct measure of capital flows and cannot independently establish that cryptocurrency prices have reached a market bottom.
