- Bitcoin touched $62,080.91, its weakest level since July, then rebounded above $65,000 but is still down nearly 15% on the week.
- Ether fell 19.5% and Solana 20.7% in seven days, and total crypto market value dropped about 4% to $2.26 trillion, while the Fear & Greed Index sank to 10.
- US spot Bitcoin ETFs lost $2.35 billion over two weeks, and BlackRock’s iShares Bitcoin Trust has now seen 11 straight sessions of outflows.
Bitcoin sank to a four-month low on Sunday, touching $62,080.91 before buyers pushed it back above $65,000. The rebound was modest. The price is still down nearly 15% over the past seven days, and the damage reaches well beyond Bitcoin, with major altcoins, market value and sentiment all moving lower together.
A Four-Month Low, Then a Partial Rebound
According to CoinGecko, Sunday’s 24-hour low was Bitcoin’s weakest level since July. The slide did not begin there. On Friday, the price broke below $70,000 while analysts pointed to fading investor confidence, institutional outflows and tighter liquidity. From that line to Sunday’s low, Bitcoin shed roughly 11%, which shows how quickly the market has turned.
Altcoins took bigger hits. Ether (ETH) lost 19.5% over the week and Solana (SOL) dropped 20.7%, both steeper than Bitcoin’s decline. Across the whole market, total value slid about 4% in 24 hours to $2.26 trillion. When Ether and Solana fall faster than Bitcoin, it often means traders are trimming riskier positions first.
Fear Index Falls to 10
Sentiment is just as weak. Alternative.me’s Crypto Fear & Greed Index dropped to 10 on Sunday, down from 13 on Saturday and 20 on Friday. All three readings sit in “extreme fear,” and the score has fallen each day. Some traders treat such lows as a contrarian signal that selling is overdone, but the index alone does not say when a bottom is in.
ETF Outflows Add Pressure
Fund flows are part of the story. US spot Bitcoin exchange-traded funds recorded $2.35 billion in net outflows over two straight weeks, with $1.28 billion leaving the week before and $1.07 billion during the week ended Nov. 13. BlackRock’s iShares Bitcoin Trust stretched its outflow streak to 11 trading sessions on Friday. These products are a major channel for institutional money, so steady redemptions can weigh on price.
Also Read: BitMine Sits on $9.7B Unrealized Loss as Ether Slides Toward $1,800
What to Watch Next
A bounce above $65,000 is encouraging, but one rebound does not change a weekly drop of nearly 15%. Three things will shape the next move: whether Bitcoin can hold its footing above Sunday’s low, whether ETF flows stop bleeding, and whether sentiment climbs out of extreme fear. Liquidity matters too, since analysts have flagged tighter conditions as a headwind. Until some of these signals improve, the market looks fragile, and traders are likely to stay cautious.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
