$BTC just bounced $3,000 in a few hours. Don't call it a recovery yet.
Overnight, $BTC crashed to $62,006 on Binance, its lowest since July, and $ETH fell to $1,711. Then buyers stepped in: $BTC is back near $64,700 and $ETH near $1,830.
$BTC is now 49.5% below its $126,080 record high, worth less than half its top value, and it briefly fell out of the world's 15 most valuable assets. A sixth straight weekly loss looms, and the market has lost over $800 billion since early October.
The damage is still fresh: $2.02 billion in leveraged positions was liquidated in 24 hours, hitting 318,000 traders, longs taking 87% of the hit. Glassnode shows a big long-liquidation cluster below, between $59,500 and $62,600. Another dip could trigger a second cascade. Stablecoin supply has shrunk $17 billion in a month, the biggest drop since 2022, so less cash waits to buy the dip.
One coin is holding everyone's attention through the red: Sui. $SUI is the second most-searched coin on CoinGecko today, behind only $BTC . It trades near $0.71, down about 7% in 24 hours and 15% in a week, and 87% below its $5.35 record high from January 2025. Traders aren't searching it because it's strong. They're searching it because it's falling hard: bargain or trap?
My take: weekend bounces are the market's oldest trick. Thin liquidity makes the move up look as dramatic as the move down, and every bounce in this sell-off has been sold so far. One small positive: Ethereum funds saw their first inflow in seven sessions on November 13, just $2.3 million, but the first crack in the outflow streak. Until $BTC reclaims $65,000 and holds it, this is a bounce inside a downtrend, not a bottom.
Levels to watch: support at $62,000, then $60,000; resistance at $65,000, then $67,500, today's high.
Bottom, or a bull trap before $60,000? Drop your view below.
Source: CoinGecko, CoinGlass, Glassnode, Cointelegraph - 15 Nov 2026
Follow for daily crypto updates.
#Bitcoin #Crypto #SUI
Not financial advice.
Overnight, $BTC crashed to $62,006 on Binance, its lowest since July, and $ETH fell to $1,711. Then buyers stepped in: $BTC is back near $64,700 and $ETH near $1,830.
$BTC is now 49.5% below its $126,080 record high, worth less than half its top value, and it briefly fell out of the world's 15 most valuable assets. A sixth straight weekly loss looms, and the market has lost over $800 billion since early October.
The damage is still fresh: $2.02 billion in leveraged positions was liquidated in 24 hours, hitting 318,000 traders, longs taking 87% of the hit. Glassnode shows a big long-liquidation cluster below, between $59,500 and $62,600. Another dip could trigger a second cascade. Stablecoin supply has shrunk $17 billion in a month, the biggest drop since 2022, so less cash waits to buy the dip.
One coin is holding everyone's attention through the red: Sui. $SUI is the second most-searched coin on CoinGecko today, behind only $BTC . It trades near $0.71, down about 7% in 24 hours and 15% in a week, and 87% below its $5.35 record high from January 2025. Traders aren't searching it because it's strong. They're searching it because it's falling hard: bargain or trap?
My take: weekend bounces are the market's oldest trick. Thin liquidity makes the move up look as dramatic as the move down, and every bounce in this sell-off has been sold so far. One small positive: Ethereum funds saw their first inflow in seven sessions on November 13, just $2.3 million, but the first crack in the outflow streak. Until $BTC reclaims $65,000 and holds it, this is a bounce inside a downtrend, not a bottom.
Levels to watch: support at $62,000, then $60,000; resistance at $65,000, then $67,500, today's high.
Bottom, or a bull trap before $60,000? Drop your view below.
Source: CoinGecko, CoinGlass, Glassnode, Cointelegraph - 15 Nov 2026
Follow for daily crypto updates.
#Bitcoin #Crypto #SUI
Not financial advice.
