Bitcoin falls below $72,000 as ETF outflows and liquidations top $650 million

The cryptocurrency market faced renewed volatility as over $550 billion in value was wiped out from its October highs, with Bitcoin leading the retreat. The sudden downturn is prompting investors and analysts to examine whether persistent selling and a lack of institutional demand could drive prices even lower. Bitcoin (BTC) lost approximately 2.8% in 24 hours, falling to $71,548 after reaching an intraday high near $74,695. The asset failed multiple attempts to reclaim $73,000, which left the market exposed to further losses. Market data from Binance revealed that BTC briefly traded underneath $72,000, hitting its lowest point since August. The coin later recovered to trade closer to $73,000, but the rebound was not strong enough to shift the overall negative sentiment.

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