Bitcoin hovered near $67,133 on Saturday after falling below $70,000, as year-to-date ETF outflows and weakness in technology stocks added pressure.
Bitcoin was near $67,133 on Saturday, down 1.6% from the previous daily close, after falling below $70,000 a day earlier. The move reflects more than crypto-specific trading: Bloomberg linked the selloff to weakness in technology shares, higher yields and reduced appetite for risk assets. For holders, those connections matter because Bitcoin can move with the same shifts in investor sentiment affecting growth stocks and other speculative investments.
The pressure has been building. Bloomberg reported that Bitcoin fell as much as 5.4% to $67,628 on Friday, its lowest level since August 19, extending a losing streak to six weeks. The price was down about 18% since September, according to the report. That context offers no assurance about what comes next, but it helps explain why a day-to-day price move is part of a broader pullback rather than a standalone crypto event.
Fund flows provide another measure of demand. U.S.-listed spot Bitcoin ETFs recorded $1.56 billion in net outflows year to date, according to SoSoValue data analyzed by CoinDesk. The funds lost $643.6 million from Monday through Thursday last week, following $1.28 billion in outflows the week before and $202.6 million the week before that.
The reversal was swift. On October 29, the funds were still about $1.01 billion ahead for the year. A $643.3 million outflow the next day cut that gain to roughly $368 million. The ETF figures do not capture every source of Bitcoin demand, but they show that selling through a major regulated investment channel has accompanied the price decline. Investors should distinguish those cumulative figures from daily flow reports: no verified November 13 daily total is available in the supplied reporting.
Leverage can make such moves sharper. Bloomberg, citing CoinGlass data across 28 futures exchanges, found that liquidations exceeding $500 million in 24 hours occurred 13 times over the past year, including three events above $1 billion. When traders’ leveraged positions are forcibly closed, the resulting sales can add to volatility. The data describe a recurring market risk, not a verified liquidation total for Saturday’s session.
The key exchange development is Binance’s effort to normalize withdrawals after an October security breach. Reuters reported on November 14 that the exchange aims to reopen withdrawals for remaining networks and assets by the end of the following week. The FBI and Binance attributed the attack to North Korea, which denied responsibility; blockchain investigators linked it to the group TraderTraitor. Reuters reported that the breach began in June and culminated in a theft on October 29. The scope of recovery and the timing of a full reopening remain important details to watch.
The incident is also a reminder that Bitcoin’s network and the platforms where many people trade or hold crypto are different things. Exchange security failures can disrupt access to assets and confidence in intermediaries without establishing a problem with Bitcoin’s underlying protocol. Binance customers withdrew $3.64 billion—2.1% of the exchange’s assets—when withdrawals resumed, according to reporting from November 1–2; that is an earlier episode, not a flow figure for Saturday.
The supplied reports offer no fresh change in U.S. crypto policy or major new institutional adoption beyond the ETF demand data. For now, the clearest signals to monitor are whether fund outflows persist, whether broader risk appetite stabilizes, and whether Binance restores withdrawals as planned. Those indicators speak to investor demand and market infrastructure, without settling Bitcoin’s longer-term case.
Jordan Lee serves as the Senior Correspondent for Wall Street, Finance, and Monetary Systems at Just Right News. Based in the heart of the world’s financial capital, New York City, Lee brings a sharp, principled eye to the complex mechanisms that drive the global economy. His reporting is defined by a commitment to fiscal responsibility, the defense of the free market, and a deep-seated belief that a transparent monetary system is the bedrock of a free society.
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