Bitcoin zakt naar drie-maands dieptepunt rond 63.000 dollar door stijgende crypto-liquidaties

Ether daalt naar laagste niveau sinds juli door technische doorbraak, ETF-uitstromen en bredere risicomijdende stemming

Digital assets extended sharp losses over the weekend, with Bitcoin sliding to a three-month low just above $63,000 after leveraged long positions were wiped out.

Bitcoin and Ether Reach Fresh Lows

Bitcoin fell 5.7 percent in U.S. trading on Saturday and dropped further in Asian hours on Sunday to $63,311, a decline of another 1.7 percent. That marked its weakest level since August 17. Ether, the second-largest token, tumbled 8 percent during the U.S. session and reached $1,731 on Sunday, its lowest point since July 9.

The selloff follows a 25 percent drop in Bitcoin since October 21. Its lowest point of the year remains $57,742, recorded on July 1.

Technical Breakdown Triggers Liquidations

Rich Rosenblum, co-founder of crypto market maker GSR, described the move as largely technical. Bitcoin broke below its 200-day moving average near $73,000, sparking a wave of liquidations and fresh short positions.

I think this is a technical move, as Bitcoin broke down through its 200-day moving average of about $73,000, which has caused a slew of liquidations and new shorts to develop.

— Rich Rosenblum, co-founder of GSR, Comments on the market decline

Weekend Liquidation Totals Reach Nearly $2 Billion

Large liquidation events exceeding $500 million in a 24-hour period have become frequent in crypto markets. On Friday, roughly $1.3 billion in long positions were liquidated, with Bitcoin accounting for most of that total, according to Coinglass data.

In the 24 hours through 7 a.m. Sunday in Singapore, exchanges tracked by Coinglass recorded about $1.9 billion in crypto liquidations. That included $684 million in Bitcoin and $466 million in Ether, with long positions making up the vast majority.

Multiple Pressures Weigh on Crypto Markets

The recent decline stems from several converging factors. These include expectations of higher interest rates, substantial outflows from U.S. spot Bitcoin exchange-traded funds, an AI-driven risk-off environment and lingering effects from the recent $6 billion Binance hack.

U.S.-listed spot Bitcoin ETFs recorded nearly $3 billion in net outflows between October 30 and November 13.

Analyst Sees Potential Technical Floor Ahead

Rosenblum noted that Bitcoin may be approaching a technical support zone. The asset has found support at or just below current levels over the past year and is nearing the bottom of a long-term trend channel.

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