Bitcoin Drops to $61,956 as ETF Outflows Top $1.9 Billion

Bitcoin (BTC) reached a 24-hour low of $61,956.30 and traded at $64,435.30 at 1:50 a.m. ET (06:50 UTC) Sunday, while U.S. spot Bitcoin exchange-traded funds recorded a seventh consecutive session of net outflows through Nov. 13.

BTC was down 4.30% over the preceding 24 hours and 13.61% over seven days. Its reported 24-hour range was $61,956.30 to $67,499.

The seven ETF sessions, from Nov. 5 through Nov. 13, produced $1.9074 billion in net outflows. The latest session, Nov. 13, accounted for $185.4 million.

Bitcoin futures liquidations reached about $753 million in the 24 hours ending at the 1:50 a.m. ET snapshot. Long positions made up $600.62 million of the total, while short positions accounted for $152.45 million.