Bitcoin fell 17.3% in its worst week since the 2022 FTX collapse, as $390B left crypto and $5.5B exited spot bitcoin ETFs.

Bitcoin rose about 2% to near $63,000 on Monday in an oversold bounce, after a brutal week that dragged it below $60,000 and wiped roughly $390 billion off the crypto market.

Over $5.7 billion in crypto long positions were liquidated in seven days as Bitcoin and Ether posted their worst weekly performance since the FTX collapse.

Bitcoin experienced its worst week since the FTX collapse, with a modest rebound now raising concerns among analysts. Investors are pulling funds from Bitcoin ETFs, technical…