In this video Benjamin talks about: Bitcoin: The Capitulation Spiral. Video by Benjamin Cowen.
"New to trading? Visit iqoption for free educational materials, a risk-free demo account, and a low minimum deposit($20). Start your journey in the financial markets now!"
Learn more >>
Bitcoin is trading near $64,930 (€58,900) following a sharp weekend sell-off that pushed the asset to a three-month low. After hitting an intraday low around $62,045 (€56,486) earlier in the session, BTC has staged a modest bounce, though broader market sentiment remains heavily pressured by macroeconomic headwinds, institutional outflows, and cascading liquidations.
Visit Trading Platform >>
Insights
• Forced Long Liquidations. The breakdown below key technical thresholds—specifically the 200-day moving average near $73,000 and psychological support at $65,000—triggered roughly $1.9 billion to $2 billion in 24-hour crypto market liquidations, with Bitcoin long positions accounting for over $770 million of the wipeout.
• Persistent Spot ETF Outflows. Institutional demand has softened significantly, with U.S. spot Bitcoin ETFs logging seven consecutive days of net outflows totaling over $1 billion for the week (and nearly $3 billion since late October).
• Hawkish Federal Reserve & Yield Pressure. A hotter-than-expected October U.S. Consumer Price Index (CPI) reading of 0.4% has led traders to price in a potential 25-basis-point Federal Reserve rate hike in December. Combined with 10-year U.S. Treasury yields climbing above 5%, non-yielding assets like Bitcoin face stiff competition.
• Broader Risk-Off Contagion. Risk appetite across global markets has deteriorated following volatility in the AI and tech sectors—sparked by Nvidia CEO Jensen Huang's resignation earlier this week—alongside lingering market unease from the $6 billion Binance security breach and capital rotation ahead of Anthropic's upcoming IPO.
Buy, sell, and store over 400 digital assets at one of Europe’s leading exchanges. Crypto trading and staking made simple!
Learn more >>
