Bitcoin Plunges Toward $60K as Massive Liquidations and ETF Outflows Wipe Trillions from Crypto Market

Bitcoin tumbled toward $60,000 this week as a sharp selloff accelerated; reports recorded roughly $1.76 billion in 24‑hour liquidations and as much as $4.5 billion in liquidations over four days, with prices quoted near $60,000–$62,000 during the declines ^{[1] [2]}.

The downturn coincided with significant institutional flows and broad market losses: one report put ETF outflows at $4.37 billion and noted analysts watching $59,000–$50,000 as key support, while overall crypto market capitalization has fallen by more than $2 trillion since October 2025, leaving total market value near $2.18 trillion; some coverage linked the drop to U.S. regulatory uncertainty ^{[3] [4] [5]}.