Bitcoin plunged 5.6% to a 24-hour low of $67,922, its weakest level since August. Analysts blame leveraged-long liquidations colliding with fading demand across ETFs, stablecoins, and corporate treasuries.

  • U.S. spot Bitcoin ETFs posted six straight days of net outflows.
  • Ethereum fell 4.6% to $1,953, while total crypto capitalization dropped 4.6% to $2.39T.
  • October CPI rose 0.4%, hotter than expected, keeping liquidity-sensitive assets under pressure.

LaunchBar take: This is more than a flush—it exposes the three capital engines behind Bitcoin’s rally losing power simultaneously. Traders should avoid catching knives until ETF flows stabilize; a clean reclaim of $69K is the first signal that dip buyers are returning.