Bitcoin Drops to $62,081 as Spot ETFs Lose $1.91 Billion

Bitcoin fell to $62,081 on Nov. 15, its lowest since July 14, as a weekend selloff deepened and US spot Bitcoin funds logged a seventh straight day of net outflows. The largest token finished the weekend down almost 15% over the trailing seven days and roughly 23% below its Nov. 4 high, far under the $126,080 all-time high CoinGecko lists.

• The news: Bitcoin fell to $62,081 on Nov. 15, its lowest since July 14.
• The key figure: US spot Bitcoin ETFs lost $1.91 billion across seven straight sessions through Nov. 13, per Farside Investors.
• What's next: the Fed's December meeting, where futures fully price a 25 basis point hike, and Strategy's removal from MSCI indexes after the Nov. 30 close.

Sunday's move followed a break below $70,000 on Friday, when worries about institutional withdrawals and thinning liquidity had already begun to weigh on prices. Ether fell to $1,711, its lowest since July 8, and Solana traded as low as $67.37, its weakest since June.

Bitcoin rode past $80,000 on Nov. 4 as US midterm results came in, before Democrat wins weakened the odds of crypto market-structure legislation this year, per Coinbase Institutional. The reversal since then has cut across every large network.

Spot Bitcoin ETFs Lose $1.91 Billion in Seven Sessions

Farside Investors' flow table records the run: from Nov. 5 to Nov. 13, US spot Bitcoin ETFs paid out $1.91 billion more than they took in across seven consecutive trading sessions. Friday, Nov. 13, alone accounted for $185.4 million, including $143.5 million from BlackRock's IBIT and $41.9 million from Fidelity's FBTC. The week before, $1.28 billion left the funds.

BlackRock's iShares Bitcoin Trust stretched its withdrawal streak to 11 straight trading sessions on Friday. Its net assets stood at about $54.13 billion as of Nov. 13, against a net asset value of $39.00 per share and a $38.94 close. Across two consecutive weeks the funds lost $2.35 billion; from Oct. 30 through Nov. 13, the total neared $3 billion.

Ether and Solana Fall Harder as the Selloff Widens

The retreat cut across major networks rather than singling out one asset. Ether shed 19.5% for the week and Solana 20.7%, both per CoinGecko pricing. At the synchronized 9 p.m. ET endpoint, Bitcoin was down 22.4% over ten days and Ether 28.8%.

The 24-hour damage deepened through the weekend. Bitcoin fell 8.28% in the 24 hours ending Nov. 14 at 9 p.m. ET, against 3.74% in the matching window on Nov. 12. Ether fell 10.21% over the same window, versus 1.92% two days earlier.

The damage was market-wide. The total crypto value fell roughly 4% in 24 hours to about $2.26 trillion, and ten-day losses were put at about $571 billion, a figure computed from different price feeds that do not fully reconcile.

Sentiment matched the price. Alternative.me's Crypto Fear & Greed Index slipped to 10 on Sunday, an extreme-fear reading, from 13 a day earlier and 20 on Friday.

Fed Bets and a Record Stablecoin Contraction

Coinbase Institutional's Nov. 13 research set out the macro side. October consumer prices rose 0.4% month over month and core inflation rose 0.3%, both 0.1 point above consensus. The dollar index climbed to 102.9, its highest since April 2025.

Rate expectations followed. Futures fully price a 25 basis point hike at the December meeting, with a 12.5% chance of a 50 basis point move, the note said, and one-year-ahead futures priced 64 basis points of increases, up from 37 basis points at the start of November.

The same note flagged a record drainage from stablecoins: the combined circulating supply of USDT, USDC and DAI contracted by $11.5 billion over 30 days, its largest recorded decline for those tokens. Stablecoin supply is the cash parked on exchange order books, so a shrinking balance leaves less to buy with.

Two tech-led shocks landed in between. On Nov. 5 the Nasdaq fell about 5.5% and semiconductor stocks about 12%, and Bitcoin lost 5.5% in the session. On Nov. 12, after Nvidia said chief executive Jensen Huang had resigned, its shares fell 12% at the open and Bitcoin slipped below $72,000.

Liquidations in the Billions, Mostly Long Positions

Liquidation estimates for the weekend disagree by venue and window, but they point the same way: leveraged longs took the hit.

Long positions made up the vast majority in each Coinglass window. Coinalyze's all-coins dashboard showed about $1.3 billion over its trailing 24-hour window, including about $1.2 billion in longs against $100.1 million in shorts, a pattern of forced selling rather than fresh shorting.

The move looked technical to at least one market maker. "I think this is a technical move, as bitcoin broke down through its 200-day moving average of about US$73,000, which has caused a slew of liquidations and new shorts to develop," said Rich Rosenblum, co-founder of crypto market maker GSR.

What Comes Next: December FOMC and Strategy's MSCI Exit

Two dated events sit ahead. The Fed's December meeting is the first: futures fully price a 25 basis point hike there, per Coinbase Institutional. The second is Nov. 30, when MSCI removes Strategy from its major equity indexes after the close, a step it confirmed on Nov. 11.

J.P. Morgan estimates outflows could reach $8.8 billion if other index providers make the same call. Coinbase Institutional noted that prices now sit below Strategy's average purchase cost, which makes it harder for the company's treasury to keep buying.

Other supply has already moved. MARA Holdings disclosed the sale of 13,597 BTC for about $1.1 billion after the third quarter, using $750 million of the proceeds to repay Bitcoin-backed loans. Bitcoin has slumped about 25% since Oct. 21, and its low for the year is $57,742, set on July 1.

The levels to watch are that July 1 low of $57,742 and the 200-day average near $73,000 that Rosenblum cited. A reclaim of the 200-day would be the first sign the technical breakdown has reversed; a close under $57,742 would extend it.