Bitcoin slides below $70K amid thin liquidity, ETF outflows

What happened: Bitcoin fell below $70,000 on Friday, extending a recent decline as sentiment weakened amid institutional outflows, tightening liquidity and macroeconomic pressures. Key numbers: BTC traded at $68,607.23, down 9.2% in the last week. Why it matters: 10x Research noted Bitcoin declined 5.9% between Nov. 5 and Nov. 12 while the Nasdaq 100 gained 6.4%, suggesting it responded more to rising Treasury yields and a stronger dollar. Talos warned thin liquidity and elevated leverage leave the market vulnerable to sharp moves.

Bitcoin fell below $70,000 on Friday, extending a recent decline as sentiment weakened amid institutional outflows, tightening liquidity and macroeconomic pressures.

10x Research noted Bitcoin declined 5.9% between Nov. 5 and Nov. 12 while the Nasdaq 100 gained 6.4%, suggesting it responded more to rising Treasury yields and a stronger dollar. Talos warned thin liquidity and elevated leverage leave the market vulnerable to sharp moves.