Bitcoin's Slide to $62,000 Triggers More Than $2 Billion in Liquidations

Bitcoin (BTC) briefly touched $62,000 on Saturday as a broad crypto selloff drove more than $2 billion in liquidations, with ETF outflows and rising U.S. rate expectations adding pressure. More than 320,000 traders were liquidated over the same 24-hour period. BTC fell more than 8%, while Ether (ETH) lost more than 10%. U.S. spot Bitcoin ETFs recorded net outflows for seven straight trading sessions through Nov. 13, totaling about $1.91 billion. They lost $1.07 billion that week, their second consecutive week with outflows above $1 billion. U.S.