Bitcoin and Altcoins Continue to Fall: Heres the Latest Data
The cryptocurrency market started the last trading day of the week with a sell-off. The sharp pullback in Bitcoin negatively impacted Ethereum and the altcoin market in general. The Bitcoin price fell to levels as low as $61,000 during the week, testing its weakest levels in recent months. Outflows from US spot Bitcoin ETFs, liquidations in leveraged trading, and a general flight from risky assets are cited as the main reasons for the selling pressure in the market. The volatility in the derivatives market, in particular, attracted attention. According to Bitcoin System Liquidation data, a large number of leveraged positions were liquidated during the recent decline, with the closure of mostly long positions causing the drop to be felt more severely. This picture shows that the market pullback was fueled not only by spot sales but also by forced closures in leveraged transactions. On the on-chain side, the Coinbase Premium Index continues its weak performance. The fact that this indicator remains in negative territory suggests that US-based investors and institutional demand are not showing strong buying appetite in the short term. Especially when considered alongside spot ETF outflows, the weakness on the Coinbase side stands out as one of the key indicators explaining









