Bitcoin Crashes to ,000, but ‘Real Test’ Still Lies Ahead, Analyst Says

Bitcoin Crashes to $68,000, but ‘Real Test’ Still Lies Ahead, Analyst Says

November 13, 2026 Khyathi Dalal

Summary

Bitcoin dropped toward $68,000 on Friday, reversing its recent recovery trend. A market analyst noted that exchange-traded funds have experienced modest institutional outflows despite the significant price decline from a prior peak, suggesting that investors are generally holding their positions during the current market selloff.

Bitcoin (CRYPTO: BTC) plunged toward $68,000 Friday, breaking its recent recovery trend as Bloomberg ETF analyst Eric Balchunas argued that relatively modest institutional outflows suggest investors are holding firm despite the selloff. Speaking with crypto commentator Scott Melker, Balchunas noted that Bitcoin ETFs’ $1.4 billion year-to-date outflows are encouraging despite the rough 50% price decline from its $126,000 peak. “You’re…

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