🚨 BREAKING: $BTC CRASHES BELOW $63,000 — $1.9 BILLION WIPED OUT OVERNIGHT
The weekend sell-off got worse. $BTC fell to $62,006 on Binance — its lowest since July 13 — and is trading near $62,900, down 8% in 24 hours. $ETH has crashed to about $1,724, its lowest since July 9, down 10%. Solana is down 11% to near $69.
The damage is historic: $1.96 billion in leveraged positions was liquidated in 24 hours, hitting 319,000 traders. $BTC longs alone lost about $645 million against just $62 million in shorts. Fear & Greed has fallen to 10, its lowest in months.
This is not a one-day move. $BTC is down about 25% since October 21, and over $500 billion has been wiped from crypto in ten days. James Check calls this the fourth capitulation-style sell-off since the record high.
Why is it still falling? US spot Bitcoin ETFs lost about $1.07 billion in the week to November 13, with Ethereum funds bleeding another $398.9 million. Worse, Coinbase Institutional reports a record $11.5 billion contraction in stablecoin supply over 30 days — the market's buying fuel is draining away. The Ethereum Foundation sold 7,500 ETH in four days, and a December Fed hike is now priced as almost certain.
My take: capitulation days look like this — forced sellers set the price. The $11.5 billion stablecoin drain worries me most, because the cash to buy the dip is shrinking just as sellers rush for the exit. But capitulation also clears the decks: every long flushed out is one less seller later. The question is whether buyers step in at $62,000 or wait for the 2026 low near $57,742.
Levels to watch: support at $62,000, then $60,000; resistance at $65,000, then $66,000. Reclaiming $65,000 is the first sign the cascade is over.
Is $62,000 the bottom, or does the weekend take us toward $60,000? Drop your view below.
Source: TokenPost, CoinDesk, CoinGecko, Coinbase Institutional — 15 Nov 2026
Follow for daily crypto updates.
#Bitcoin #Crypto #BTC
Not financial advice.
The weekend sell-off got worse. $BTC fell to $62,006 on Binance — its lowest since July 13 — and is trading near $62,900, down 8% in 24 hours. $ETH has crashed to about $1,724, its lowest since July 9, down 10%. Solana is down 11% to near $69.
The damage is historic: $1.96 billion in leveraged positions was liquidated in 24 hours, hitting 319,000 traders. $BTC longs alone lost about $645 million against just $62 million in shorts. Fear & Greed has fallen to 10, its lowest in months.
This is not a one-day move. $BTC is down about 25% since October 21, and over $500 billion has been wiped from crypto in ten days. James Check calls this the fourth capitulation-style sell-off since the record high.
Why is it still falling? US spot Bitcoin ETFs lost about $1.07 billion in the week to November 13, with Ethereum funds bleeding another $398.9 million. Worse, Coinbase Institutional reports a record $11.5 billion contraction in stablecoin supply over 30 days — the market's buying fuel is draining away. The Ethereum Foundation sold 7,500 ETH in four days, and a December Fed hike is now priced as almost certain.
My take: capitulation days look like this — forced sellers set the price. The $11.5 billion stablecoin drain worries me most, because the cash to buy the dip is shrinking just as sellers rush for the exit. But capitulation also clears the decks: every long flushed out is one less seller later. The question is whether buyers step in at $62,000 or wait for the 2026 low near $57,742.
Levels to watch: support at $62,000, then $60,000; resistance at $65,000, then $66,000. Reclaiming $65,000 is the first sign the cascade is over.
Is $62,000 the bottom, or does the weekend take us toward $60,000? Drop your view below.
Source: TokenPost, CoinDesk, CoinGecko, Coinbase Institutional — 15 Nov 2026
Follow for daily crypto updates.
#Bitcoin #Crypto #BTC
Not financial advice.
