Bitcoin 
$82,845.16 It closed the week with sharp losses and fell below $85,000 for the first time since April. With the chain liquidation of leveraged positions, there was a position closing of almost 2 billion dollars in the market. November is about to go down as the worst month for the cryptocurrency market since the crypto winter of 2022.
Leveraged Positions Collapsed, Market Searching for Bottom
While Bitcoin fell to $ 81,600 in a short time, almost all major cryptocurrencies suffered steep losses on a weekly basis. Ethereum 
$2,698.71 While it fell below $ 2,750 and lost 14 percent of its value in the last week, solana It has fallen by over 10 percent in the last 24 hours. XRP, BNB And Cardano 
$0.405992 Major altcoins such as recorded losses between 8 percent and 15 percent.
CoinGlass According to data, 396,000 investors were liquidated in the last 24 hours and the total liquidation amount reached 1.96 billion dollars. While $964 million worth of positions were liquidated in Bitcoin transactions alone, the largest single liquidation was in a BTC position worth $36.7 million. hyperliquid took place on the stock exchange.
While the heavy sales wave rapidly reduced investors’ risk appetite, it also created a serious contraction in market liquidity. Open interest in the perpetual futures market has fallen 35 percent since a peak of $94 billion in October.
Global Selling Wave and ETF Outflows Add to Pressure
cryptocurrencyThe collapse in s occurred at the same time as the weakness in global stocks. While the MSCI Global Index closed the week with a loss of over 3 percent, US technology stocks also remained under selling pressure. The decline in bond yields strengthened the risk aversion tendency of investors.
Cryptocurrency-specific dynamics also caused the negative trend to deepen. traded in the USA spot Bitcoin ETFThere was a net outflow of over 900 million dollars on Thursday alone. Thus, the second highest outflow seen after the ETF launch at the beginning of 2024 was recorded. Measures individual investor confidence Crypto Fear and Greed Index It fell to 11, landing in the “extreme fear” zone. Although historically these levels generally indicate bottom areas, there is no signal of recovery in the current technical outlook yet.
