Market overview: The crypto market faced significant downward pressure on 2026-11-14. Broad market sentiment remains weak, with only 26 out of 281 liquid USDT pairs closing in the green, representing just 9% of the market. Top gainers included EVAA at 31.1%, SOPH at 21.0%, and BANANAS31 at 11.6%. Conversely, KAVA led the losses with a 58.8% decline, followed by AGT at 30.4% and 牛来 at 24.2%.
Bitcoin: $BTC closed the day at 64,130, marking a 6.08% decline. Over the last seven days, the asset has fallen 15.44%, with a 30-day drop of 21.98%. The daily range was 8.14%, reaching a high of 68,420 and a low of 63,271. Technical indicators show an RSI14 of 20 and a falling MACD histogram below zero. The asset is in a clear downtrend, trading below the EMA200 of 75,043. Volume was 1.7x the 20-day average, and the price closed below the 20-day low of 67,449.
Ethereum: $ETH closed at 1,768, down 8.34% for the day. The seven-day performance shows a 21.02% decrease, while the 30-day performance is down 27.56%. The daily range was 12.27%, with a high of 1,938 and a low of 1,726. The RSI14 sits at 19, and the MACD histogram is falling below zero. Trading volume reached 1.8x the 20-day average, and the price closed below the 20-day low of 1,893, remaining well below the EMA200 of 2,245.
Altcoins: $SOL dropped 10.16% to 70.23, with an RSI14 of 15. ZEC fell 7.55% to 863.4, showing an RSI14 of 29. XRP declined 9.60% to 0.9136, with an RSI14 of 16. HYPE closed at 64.38, a 10.22% loss, with an RSI14 of 27. All these assets are in a downtrend, trading below their 20-day lows and EMA200 levels, accompanied by high trading volumes ranging from 1.2x to 1.9x their 20-day averages.
Derivatives & liquidity: Open interest has decreased across the board, with BTC at -12.14%, ETH at -15.35%, SOL at -17.99%, ZEC at -20.99%, XRP at -21.67%, and HYPE at -11.08%. Funding rates are mixed; BTC is positive at 0.0047%/8h, while ETH and SOL are negative at -0.0054%/8h and -0.0140%/8h respectively. Long account percentages remain high, with BTC at 76%, ETH at 75%, and SOL at 78%. The largest short-liquidation cluster for BTC is above 76,227, while the largest long-liquidation cluster is below 62,404.
Key levels for the next 24h: Support for BTC is identified near the long-liquidation cluster at 62,404. Resistance is defined by the 20-day low of 67,449 and the EMA200 at 75,043. For ETH, resistance sits at the 20-day low of 1,893 and the EMA200 of 2,245.
Scenarios: A bullish scenario would require BTC to reclaim the 67,449 level on high volume, potentially targeting the 76,227 liquidation cluster. A bearish scenario would be triggered if BTC fails to hold the 62,404 support, which could lead to further liquidation of long positions.
Bottom line: The market is currently characterized by oversold conditions across major assets, evidenced by low RSI values and widespread closes below 20-day lows. High volume on the decline suggests significant selling pressure, while the reduction in open interest indicates a deleveraging phase.
#Bitcoin #Crypto #MarketUpdate
⚠️ This report is based on technical indicators and is not investment advice. Always set a stop-loss and manage your own risk.