Binance CEO calls Bitcoin decline routine amid ETF outflows
Richard Teng described Bitcoin’s selloff as normal as cited research points to heavier spot selling and $1.91 billion in ETF outflows.
Richard Teng described Bitcoin’s selloff as normal as cited research points to heavier spot selling and $1.91 billion in ETF outflows. Bitcoin (BTC) is trading at $65,003.00, up 0.4% since this brief published. This is an original TLT brief based on reporting by Crypto.news, with live market data added, as of Sun, 15 Nov 2026 19:15:02 UTC.
The combination of increased selling activity, ETF withdrawals and extreme market sentiment shows pressure across Bitcoin’s spot and investment channels, though the findings come from one report.
- Binance CEO Richard Teng characterized Bitcoin’s selloff as normal.
- Research cited by Crypto.news found 2.75 times more selling on a dollar spot venue.
- Bitcoin ETF outflows reached $1.91 billion.
- Bitcoin fell 14.86% over seven days as the Fear & Greed index reached 10.
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- Binance CEO calls Bitcoin decline routine amid ETF outflows — this brief
Crypto.news reported that Binance CEO Richard Teng characterized 
Bitcoin’s recent selloff as normal amid growing pressure on US trading. His comments framed the decline as an ordinary market correction rather than an exceptional disruption, according to the outlet’s summary of his remarks.
Research cited in the same report found 2.75 times more selling on a dollar-denominated spot venue, alongside $1.91 billion in Bitcoin ETF outflows. These figures connect the reported selloff to both transactions on a spot market and withdrawals from investment products, but no additional outlet independently confirmed the findings.
The report comes during a broader pullback in Bitcoin. The asset traded at $64,733, down 0.69% over 24 hours and 14.86% over seven days, while its market capitalization stood at $1.3 trillion. The total crypto market remained broadly flat at $2.26 trillion, indicating that Bitcoin’s decline was not accompanied by an equivalent contraction across the entire digital-asset market.
Market sentiment was also notably weak: the Fear & Greed index registered 10, placing it in Extreme Fear. The figures to watch are whether ETF outflows continue, whether the elevated spot-selling activity persists, and whether Bitcoin’s seven-day decline stabilizes; the available data does not establish which direction those indicators will move next.
Since this brief published about 6 hours ago, Bitcoin (BTC) has moved from $64,733.00 to $65,003.00 — +0.42%.
The chart plots BTC's price: grey is the move before this brief published, the vertical dashed line marks the moment it published, the horizontal dashed line is the price then, and the coloured area is the move since — from TLT's market data (daily resolution). It shows what happened after the news, not that the news caused it; many factors move prices. Not financial advice.
Will Bitcoin dip to $60,000 in November?
Crowd-implied probability on Polymarket, $189.94K 24h volume, resolves Dec 1 — snapshotted when this brief published (Nov 15 17:05 UTC). A market price reflects what traders collectively expect; it is not a forecast by TLT and will have moved since. View the market ↗
At today's peer-to-peer rate, 1 BTC ≈ ₦91.91M (about $65,003.00), down 0.8% over 24 hours. The naira itself trades about 4.6% above the official rate on the P2P market, so a Nigerian buyer's effective cost differs from the headline dollar price.
Live market data
Current prices for the asset in this story — live, source-stamped, updated every 15 minutes.
Binance CEO calls Bitcoin decline routine amid ETF outflows — questions & answers
How much more selling did the cited research find?
Research cited by Crypto.news found 2.75 times more selling on a dollar-denominated spot venue.
How large were Bitcoin ETF outflows?
The report cited $1.91 billion in Bitcoin ETF outflows.
How are market sentiment and Bitcoin’s price performing?
Bitcoin traded at $64,733, down 14.86% over seven days, while the Fear & Greed index stood at 10, or Extreme Fear.
How much is 1 Bitcoin worth in naira today?
About ₦91.91M at the live peer-to-peer (P2P) USDT rate, which is what Nigerians typically trade at — equivalent to roughly $65,003.00. The naira price moves with both BTC's US-dollar price and the USDT/NGN rate; use our Bitcoin in naira page for any amount.
Has Bitcoin's price moved since this brief was published?
BTC is up 0.42% since this brief first published — trading at $65,003.00 now versus $64,733.00 at publication. TLT re-checks this figure against CoinGecko and Binance every 15 minutes.
Which outlets reported this story?
This is an original TLT brief that synthesises reporting from Crypto.news. It is not a copy of any one article — follow the source links above for the original reporting.
Original summary — not financial advice. This is an original TLT brief that summarises a development reported elsewhere and adds live market data for context; it is not the original article and reproduces no part of it. Follow the source link above for full details. Crypto is volatile and high-risk — always do your own research.