# Bitcoin Drops Below $72,000

> Bitcoin falls below $72,000 as ETF withdrawals and liquidations accelerate.
- Title: Bitcoin Drops Below $72,000 · BigGo Finance | Shortify
- Summary: Bitcoin falls below $72,000 as ETF withdrawals and liquidations accelerate. Bitcoin dropped to $71,450 after $299.8 million in U.S.
- Keywords: bitcoin, etf withdrawals, liquidations, blackrock, grayscale, coinglass, treasury yields, nvidia, markets, BigGo Finance
- Source: BigGo Finance — https://finance.biggo.com/news/b98cf487-3acf-44a3-b35e-fe731695f99e
- Author: BigGo Finance
- Published: 2026-11-12T17:05:36+00:00
- Read time: 1 min
- Topics: bitcoin, etf withdrawals, liquidations, blackrock, grayscale, coinglass, treasury yields, nvidia, finance, markets
## Bitcoin price drops
Bitcoin fell below $72,000 on Thursday, touching its lowest level since August.
## ETF outflows accelerate
U.S. spot Bitcoin ETFs logged a fifth straight session of outflows totaling $299.8 million.
## Futures liquidations surge
CoinGlass data showed roughly $304.5 million in Bitcoin futures liquidations, with longs making up about 87%.
## Ethereum and smaller tokens fall
Ethereum slipped under $2,000, Solana lost 3.58% and smaller tokens such as Dogecoin and NEAR fell harder.
## Treasury yields rise
Rising Treasury yields after hawkish comments from Fed officials Beth Hammack and Christopher Waller.
## Bitcoin tests $70,000 level
A sustained break below $71,200 would expose $70,000 as the next key support.
## Key takeaway

Bitcoin dropped to $71,450 after $299.8 million in U.S. spot ETF outflows and $304.5 million in futures liquidations.