Bitcoin (BTC) Price: Falls Below $62K as ETF Outflows Top $1 Billion and Liquidations Surge

TLDR

• Bitcoin dropped below $62,000 to a near four-month low, falling roughly 50% below its all-time high.
• Over $1.5 billion in crypto leveraged positions were liquidated in 24 hours, with $800M+ in BTC alone.
• U.S. spot Bitcoin ETFs saw approximately $1 billion in net outflows this week, extending a record withdrawal streak.
• Analyst Ali Charts noted 54,000 BTC moved to exchanges last week, adding roughly $3.78 billion in selling pressure.
• Strategy, the top corporate Bitcoin holder, made its first BTC sale in nearly four years, raising questions about its treasury model.

Bitcoin fell sharply on Thursday morning in Asia, briefly touching $61,442 before recovering slightly to around $63,832. The drop marked a near four-month low and put the price roughly 50% below its October record high.

The decline triggered a wave of forced selling across crypto markets. According to CoinGlass data, more than 208,000 traders were liquidated in the past 24 hours. Bitcoin accounted for over $800 million of those losses, while Ether positions made up another $386 million. Total liquidations across crypto topped $1.5 billion.

Analysts at Presto Research said Bitcoin’s weakness this year has coincided with rallies in both gold and artificial intelligence stocks. As investors have scaled back their expectations for Federal Reserve rate cuts, capital has rotated into those competing assets.

Crypto analyst Ali Charts flagged an early warning sign on social media, writing that 54,000 BTC — worth approximately $3.78 billion — moved onto trading platforms over the past week. He said the spike in available supply drove short-term selling pressure, pushing the price down to $65,300 at the time of the post.

ETF Outflows Extend Record Streak

Institutional demand has been weak. U.S. spot Bitcoin ETFs have seen roughly $1 billion in net outflows this week alone, according to SoSoValue data. On Wednesday, outflows hit around $396 million in a single day.

Over the past three weeks, institutional investors have pulled a combined $3.7 billion from Bitcoin ETFs. Much of that has moved into AI stocks, which offer company fundamentals and exposure to a fast-growing sector that Bitcoin cannot match.

The U.S.-Iran conflict has added to the pressure. Heightened geopolitical tensions increased risk aversion in financial markets. Flows into the dollar rose on expectations that a prolonged conflict could drive energy-fueled inflation, which further weighed on speculative assets like crypto.

Strategy Sells Bitcoin for First Time in Four Years

Strategy, the largest corporate holder of Bitcoin, sold a portion of its BTC holdings this week — its first sale in nearly four years. While the amount sold was small, the move sent a bearish signal to markets.

The sale raised fresh questions about the long-term viability of Strategy’s treasury model, which depends on Bitcoin prices continuing to rise.

Presto Research argued that a Bitcoin recovery may hinge more on easing inflation concerns and a return of appetite for liquidity-sensitive assets than on any crypto-specific development.

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