Bitcoin fell below $70,000 to $68,607, down 9.2% over the week, as sentiment sank to extreme fear and US spot BTC ETFs saw sustained withdrawals.

  • Crypto Fear & Greed Index hit 20, its lowest reading in over four months.
  • Bitcoin order-book depth across major exchanges dropped to $72M, about 33% below normal.
  • Thin liquidity and elevated leverage leave the market vulnerable to sharp moves; a recovery needs deeper books and stronger capital flows.

LaunchBar take: this is a risk-off tape, not a confirmed bottom. Avoid chasing dips with leverage; watch ETF flows and order-book depth for evidence that sellers are tiring. With liquidity this thin, either direction can move fast.