Bitcoin Falls Below $69K as Outflows and Macro Pressure Converge

CoinCodex reports that Bitcoin moved below $69,000 for the first time in nearly three months. The latest market data places BTC at $68,595, representing a 4.28% decline over 24 hours and a 9.38% fall over seven days, confirming that the cited development is part of a broader short-term downturn rather than an isolated intraday move. CoinCodex attributes the November selling pressure to four overlapping factors: withdrawals from Bitcoin ETFs, a stronger US dollar, inflation concerns, and leveraged liquidations. Together, these elements describe pressure from both traditional capital markets and crypto market mechanics, with forced position closures adding to the selling as volatility increases. The wider market is also moving lower. Total crypto market capitalization stands at $2.38 trillion, while Bitcoin accounts for approximately $1.38 trillion of that value. The Fear & Greed reading of 20 places the market in the Extreme Fear category, providing context for the subdued risk appetite surrounding the decline. The immediate focus is whether Bitcoin can remain below the $69,000 threshold cited in the report. Continued ETF withdrawals, dollar strength, inflation concerns, or further liquidations could accompany additional pressure, while changes in those factors would alter the current selling environment. The available coverage comes from CoinCodex alone, so the reported explanation has not been independently corroborated in the supplied material.