Name: Bitcoin hits six-month lows, tracking Nasdaq as ETF demand slips
Uploaded: 2025-11-15T00:18:57.879Z
Duration: 1 min 5 s
Description: Bitcoin prices have fallen to their lowest since May, making a stunning drop since an October high. It comes as investors become more cautious about investing in U.S. ETFs.

Bitcoin prices have fallen to their lowest since May, making a stunning drop since an October high. It comes as investors become more cautious about investing in U.S. ETFs.

Wall Street

Bitcoin has reached a six-month low, declining alongside the Nasdaq and highlighting its continued correlation with technology stocks. The drop comes as spot Bitcoin ETF demand weakens, with funds experiencing a second consecutive week of net outflows and major investors reducing exposure.

Market liquidity is diminishing, leveraged long positions are being liquidated, and funding rates have turned negative, contributing to increased volatility. Crypto treasury plays and fintech firms such as Coinbase, eToro, and Circle are also seeing declines, with analysts indicating this could signal the beginning of a broader downturn in the cryptocurrency market.

Bitcoin hits six-month lows, tracking Nasdaq as ETF demand slips

Mackenzie Sagalos joins me with a look at the crypto breakdown. Mack. Hey, John. So Bitcoin is hitting six-month lows, selling off in concert with the Nasdaq, a reminder that crypto is still trading more like tech than a hedge. But there are also signs of deeper structural stress emerging. Spot ETF demand, one of Bitcoin's biggest supports, is slipping, with funds posting a second straight week of net outflows. Thursday marked the second worst day for the spot Bitcoin ETF since launch, as big allocators and treasuries pull back. Now, at the same time, liquidity is vanishing, leveraged longs are being wiped out, and funding rates have flipped negative, all driving volatility higher. Now, part of that drop in market depth has to do with capital rotating into crypto treasury plays like Strategy and Tom Lee's Bitmine Emergen. But now even those are unraveling, plunging by double-digit percentages on the week. Fintechs like Coinbase, eToro and Circle are also falling. So with spot selling accelerating, downside hedges building, and rate cut hopes off the table, analysts say this looks like the early stages of a broader crypto down cycle, John.

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