News · Bitcoin
A wave of leveraged liquidations, six straight days of spot ETF outflows, and hot inflation data pushed $BTC to its lowest price since August.
Key point 1 of 3
01
Bitcoin fell to a low of $67,922 on Nov. 13, marking its lowest price level since mid-August .
Key point 2 of 3
02
Analyst Tim Sun pointed to concentrated long liquidations alongside six consecutive days of US spot ETF outflows .
Key point 3 of 3
03
US October CPI rose 0.4%, driving CME FedWatch expectations of a Federal Reserve rate hike to 88% .
Context
Bitcoin faced compounding headwinds as ETF inflows reversed into six days of consecutive net outflows, stablecoin liquidity contracted, and US October CPI printed above forecasts .
Why it matters
Derivatives traders holding leveraged long positions faced concentrated liquidations, while major digital assets including ETH and BNB experienced single-day drops near 5% .
What to watch
Market participants are monitoring capital flows across US spot ETFs and interest rate decisions from the Federal Reserve following hotter inflation readings .
Sources
Built from 1 primary source, machine-checked before publication.
Keep reading
Read the full story
AI-generated, source-verified. Sources, citations and live prices on the article page.