Bitcoin just slid 6.64% to $68,850.76, its lowest in almost three months.
The drop comes after a week of steady declines and big money moving out, with $1.44 billion pulled from US Bitcoin ETFs.
Investors are spooked by talk of stricter US monetary policy and ongoing institutional sell-offs.
Experts say Bitcoin needs ETF inflows
A mix of rising US inflation and expectations of a December Fed rate hike has everyone on edge. On top of that, MSCI announced plans to remove Strategy from its benchmark indexes, adding more pressure.
Stablecoin supply also fell sharply, down $14.2 billion over 30 days, which hints at liquidity problems across the market.
Experts say Bitcoin needs stronger ETF inflows and to stay above $70,000 to shake off this bearish mood, but for now, things are looking pretty uncertain.