Bitcoin fell below $70,000 on Friday and was trading at $68,607.23 at the time of writing, down 9.2% over the past week, according to CoinGecko. The Crypto Fear & Greed Index fell to 20, its lowest reading in more than four months.
Giottus CEO Vikram Subburaj attributed the weakness to institutional outflows, tighter crypto liquidity and expectations of a December Federal Reserve rate hike. Talos warned that thin liquidity and elevated leverage could amplify price moves. Preliminary Farside Investors data showed $47.7 million in net outflows on Thursday, but figures for BlackRock and Fidelity were still pending.
