Overview
- Bitcoin fell to roughly $67,500 on Nov. 13–14, its weakest level since mid‑August, and slipped beneath its 200‑week moving average, a key long‑term technical support.
- The price drop triggered a concentrated derivatives cascade that liquidated about $1.4 billion to $1.64 billion of leveraged crypto positions in 24 hours, with long bets taking the large majority of losses.
- U.S. spot bitcoin ETFs recorded consecutive net outflows totaling roughly $1.44 billion over several sessions, forcing some funds to sell holdings and removing a marginal pool of institutional buyers.
- Fresh inflation data and producer‑price figures pushed traders to price a high probability of a December Fed rate increase, which lifted the dollar and bond yields and made a non‑yielding asset like bitcoin harder to hold.
- Liquidity measures weakened as stablecoin supply shrank and order books thinned, which magnified price moves and leaves markets vulnerable until key calendar events — Nvidia’s results on Nov. 17 and the Fed meeting on Dec. 8–9 — clarify demand and policy direction.