Bitcoin Price Falls Below $69K as ETF Outflows and Liquidations Accumulate

Bitcoin price is under renewed selling pressure as institutional outflows and fading derivatives activity deepen its bearish momentum. The recent drop has taken BTC beneath a key technical level, sparking worries over whether buyers can avert a deeper correction. As of press time, Bitcoin (BTC) is changing hands at $68,893.42, a 3.59% decline on the daily chart. The drop coincides with sustained spot ETF outflows, shrinking open interest, and heightened liquidation activity, signalling mounting caution throughout the market. Bitcoin’s recent slide reflects strain in both the spot and derivatives markets. According to SoSoValue data, US spot Bitcoin ETFs saw $284 million in net outflows on November 12, after withdrawals of $299.90 million on November 11 and $95 million on November 10.

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