Bitcoin tumbled to its weakest level in four months on Sunday, touching $62,080.91 before clawing back above $65,000, as a broad cryptocurrency selloff deepened and institutional money continued to exit US spot Bitcoin funds.
The coin's slide, confirmed by CoinGecko, marked its lowest point since July. Even after the partial rebound, Bitcoin remained down almost 15% over the trailing seven days, leaving the market's risk appetite badly dented.
The damage was not confined to the largest token. Ether shed 19.5% for the week and Solana dropped 20.7%, according to the same pricing data, underscoring that the retreat cut across major networks rather than singling out one asset. The aggregate value of all cryptocurrencies fell roughly 4% in 24 hours to about $2.26 trillion.
Sentiment gauges reflected the gloom. Alternative.me's Crypto Fear & Greed Index slipped to 10 on Sunday, a reading labeled "extreme fear," down from 13 a day earlier and 20 on Friday. Readings pinned at such low levels typically suggest buyers are holding back until they see firmer evidence of stabilization.
Sunday's move followed a break below $70,000 on Friday, when concerns about institutional withdrawals and thinning liquidity had already begun to weigh on prices.
The flow data help explain the pressure. US spot Bitcoin ETFs recorded $2.35 billion in net outflows across two consecutive weeks, Cointelegraph reported. Funds bled $1.07 billion in the week ended Nov. 13 after losing $1.28 billion the week before, and BlackRock's iShares Bitcoin Trust stretched its withdrawal streak to 11 straight trading sessions on Friday.
Note: Price and market-cap figures from CoinGecko; sentiment reading from Alternative.me; ETF flow figures as reported by Cointelegraph.
Sustained ETF redemptions matter because the funds have become the main access route for institutional capital into Bitcoin. Flows alone do not set prices, but a steady pattern of withdrawals can make it harder for the market to absorb selling when confidence is already fragile.
Attention now turns to whether the outflows persist or begin to level off, and whether prices can hold the zone reached during Sunday's bounce. A renewed break lower would put the $62,000 area back in focus as a potential springboard for further declines; holding it could lay the groundwork for a more durable consolidation.
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