Bitcoin slipped as low as $111,987 over the weekend, extending a pull-back that has taken the world’s largest cryptocurrency to a seven-day low and left it 1.8% lower on the day, according to Investing.com and other market-data feeds. Market observers said the decline gathered pace after a sharp pickup in fund withdrawals and derivatives liquidations. US-listed spot Bitcoin exchange-traded funds registered a net $811.25 million outflow at the start of August, the second-largest daily withdrawal since the products launched earlier this year, data compiled by BTCTN show. Ether ETFs also saw $152.26 million move out of the vehicles, halting a 20-day inflow streak. Derivative markets echoed the risk-off tone: roughly $577 million in positions were liquidated in the latest 24-hour window, with long Bitcoin bets accounting for $514 million of the total, according to Crypto-focused analytics services. Options open interest remains skewed toward call contracts, suggesting some investors are still positioning for a rebound. Technicians highlighted the area just above $112,000 as near-term support, noting on-chain and order-book demand around that level. Despite the setback, Bitcoin has traded above $100,000 for 40 consecutive days and above $110,000 for 24 days, metrics compiled by Cointelegraph indicate, leaving traders divided over whether the latest downdraft marks a temporary shake-out or the start of a deeper correction.