Woofun AI reports that Bitcoin traded at approximately $63,020 on Friday, representing a 1.7% daily decline and a 50% drop from its October record high of $126,080. The asset failed to sustain levels above $65,000, breaking through the $64,500 Put Wall linked to weekly options expiration.

Glassnode data indicates that over 65% of Bitcoin flowing into exchanges originated from long-term holders selling at a loss, a pattern consistent with early bear market stages. Tim Sun, a senior researcher at Hashkey, attributed the cooling risk-on sentiment to global stock corrections and deleveraging in semiconductor and AI sectors. While derivatives markets showed no leverage congestion, U.S. spot Bitcoin ETFs recorded net inflows of $181 million on Tuesday and $108 million on Wednesday, following a $425 million outflow on Monday.