Overview
- A concentrated unwind over a 24‑hour period erased roughly $1.4–$1.6 billion of leveraged crypto positions, with long bets accounting for about 89% of liquidations and Bitcoin alone taking the largest share.
- U.S. spot Bitcoin ETFs posted consecutive net outflows totaling roughly $1.4–$1.5 billion across recent sessions while on‑chain stablecoin supply has contracted by about $14.2 billion, together removing much of the marginal buying power that had supported prices.
- Hotter U.S. inflation prints pushed market odds of a December Fed rate increase toward roughly 88–92%, which strengthened the dollar and higher yields and added pressure on risk assets including crypto.
- Thin weekend order books and weak liquidity let selling extend through Nov. 13–14, driving intraday lows near $67,500 on Friday and toward $65,000 on Saturday and causing price to test and briefly trade below the 200‑week moving average.
- Traders and investors are watching the Nov. 18 Fed minutes, the Nov. 25 PCE report and the Fed’s Dec. 8–9 meeting as potential triggers that could restore institutional flows or put further downward pressure on prices.