Bitcoin Drops to Four-Month Low Near $62,000 as $2 Billion in Liquidations and ETF Outflows Deepen Crypto Selloff

Bitcoin fell to its lowest level since July on Sunday, Nov. 15, 2026, sliding to about $62,000 during Asian trading as exchange-traded fund outflows, forced selling of leveraged positions and rising U.S. interest rate expectations extended a weeks-long selloff across digital assets.

The world's largest cryptocurrency dropped to $62,112, its weakest level since July 14, Investing.com reported, before recovering to $64,843.60 as of 12:39 a.m. Eastern time. CoinGecko data cited by Cointelegraph showed a 24-hour low of $62,080.91, and the coin later rebounded above $65,000. Investing.com said the decline has erased about 25% of bitcoin's value since Oct. 21, and bitcoin lost roughly 15% to 17% over the past seven days, according to the two outlets.

Losses spread across the market

Other major tokens fell harder. CoinGecko data showed ether down 19.5% over the week and Solana down 20.7%, Cointelegraph reported, while the total value of the cryptocurrency market fell about 4% in 24 hours to $2.26 trillion. Ether touched $1,711, its lowest since July 8, according to Investing.com.

In Sunday morning trading, ether was down 5.13% at $1,807.91, XRP was down 3.34% at $0.9624, Solana fell 6.45% to $71.10 and BNB declined 4.03% to $595.76, Investing.com said. Cardano dropped 8.85% and Dogecoin 7.96%.

Sentiment remained weak. The Crypto Fear & Greed Index from Alternative.me fell to 10 on Sunday from 13 on Saturday and 20 on Friday, staying in "extreme fear" territory, according to Cointelegraph.

Liquidations and ETF outflows

The selling accelerated after bitcoin broke below its 200-day moving average near $73,000, triggering new short positions and the forced closure of leveraged bullish bets, Investing.com reported. About $2 billion of cryptocurrency positions were liquidated in the 24 hours through Sunday morning in Singapore, including $774 million in bitcoin and $488 million in ether, according to Coinglass data. Blockchain analytics firm Glassnode identified a large concentration of potential liquidations between $59,500 and $62,600.

Institutional demand has also faded. U.S. spot bitcoin ETFs recorded nearly $3 billion of net withdrawals between Oct. 30 and Nov. 13, Investing.com and Bloomberg reported. Cointelegraph said the funds lost $1.07 billion in the week ended Nov. 13 after $1.28 billion the previous week, and that BlackRock's iShares Bitcoin Trust extended its outflow streak to 11 trading sessions on Friday. Stablecoin supply contracted by about $17 billion over the past month, according to Investing.com, a sign of thinner liquidity across crypto markets.

Macro and industry headwinds

Bloomberg, in a report published by Business Standard, said the market faces a growing list of obstacles, including the record hack at Binance, political uncertainty after Democratic gains in the U.S. midterm elections, a stronger dollar and a 10-year Treasury yield that has climbed above 5% as persistent inflation fuels expectations of tighter Federal Reserve policy. Higher yields raise the opportunity cost of holding assets that pay no income.

Bloomberg also noted that the artificial intelligence boom and Anthropic's planned initial public offering are competing for speculative capital, though the extent of any direct shift out of digital assets is unclear. "Theories around the market weakness tend to focus on the large outflows of stablecoin balances, nearly $20 billion over the last month, the upcoming IPO of Anthropic and its impact on liquidity," said Joshua Lim, co-head of markets at FalconX.

"We're in a risk-off environment across all financial markets. Interest rates keep rising with the war still pressuring inflation," Ryan Watkins, co-founder of crypto fund Syncracy Capital, told Bloomberg.

Pressure on corporate holders

Strategy, the largest publicly traded corporate holder of bitcoin, is facing mounting unrealized losses. Its 850,364 bitcoin were worth about $54.8 billion at Saturday's prices, compared with an acquisition cost of $64.16 billion, Investing.com reported.

Bloomberg said traders looking for a possible floor point to August, when bitcoin rallied from below $65,000 to above $87,000 by late September after the U.S. Treasury announced an increase in long-bond buybacks. The latest drop has erased most of that rally and brought prices closer to the roughly $58,000 level that marks the year's low.