$BTC Down 11,000 in three days, 318,000 traders liquidated. My best friend was among them.
Mr. Lao Du’s Diary, Day 3257 | 2026.11.15
1️⃣ It hit a new low again
#BTC大跌
BTC hit a low of 62,006 today, its lowest in four months. A week ago it was still at 75,599, meaning it fell about 11,000 in three days. Liquidations totaled 2.021 billion over 24 hours; 86.7% were long positions, and 318,000 traders got wiped out. The current price is 65,422, so it’s climbed back a little from the bottom. BNB couldn’t hold up either: it fell below 600 and is now at 597.54, with an intraday low of 566. It’s down 13.96% in five days.
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2️⃣ Two more potential shocks next week
Nvidia reports earnings on Tuesday, and the Fed releases its meeting minutes on Wednesday. The probability of a rate hike in December is around 90%. Half of this week’s drop was driven by rate-hike expectations, and half by thin weekend liquidity, with liquidations triggering more liquidations. The shocks aren’t over yet; we’ll see what happens next Tuesday and Wednesday. Things don’t look too good.
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3️⃣ Went ice skating with the kids today
I spent the day ice skating with the kids. We had a great time, and I managed to forget about the market for a while. Then I thought about my best friend tonight. They got liquidated in yesterday’s big drop, and I feel awful too. The market may be dropping numbers, but what got wiped out was real money—my friend’s real money.
Today is November 15, 2026. My view remains cautiously optimistic. 62,000 is the key level; next week’s Nvidia earnings and the Fed meeting minutes should give us a clearer picture. I’ll look back in a month and see how this call holds up.
Two coins I’m watching:
$BTC : It hit a four-month low of 62,006 and has recovered to 65,422. Below that, 57,742 is this year’s low. If it holds 62,000, we can look for a rebound;
$BNB : 597.54, with an intraday low of 566. It’s following the broader market; if the market stabilizes, this should be one of the first to stabilize too.
Mr. Lao Du’s Diary, Day 3257 | 2026.11.15
1️⃣ It hit a new low again
#BTC大跌
BTC hit a low of 62,006 today, its lowest in four months. A week ago it was still at 75,599, meaning it fell about 11,000 in three days. Liquidations totaled 2.021 billion over 24 hours; 86.7% were long positions, and 318,000 traders got wiped out. The current price is 65,422, so it’s climbed back a little from the bottom. BNB couldn’t hold up either: it fell below 600 and is now at 597.54, with an intraday low of 566. It’s down 13.96% in five days.
────
2️⃣ Two more potential shocks next week
Nvidia reports earnings on Tuesday, and the Fed releases its meeting minutes on Wednesday. The probability of a rate hike in December is around 90%. Half of this week’s drop was driven by rate-hike expectations, and half by thin weekend liquidity, with liquidations triggering more liquidations. The shocks aren’t over yet; we’ll see what happens next Tuesday and Wednesday. Things don’t look too good.
────
3️⃣ Went ice skating with the kids today
I spent the day ice skating with the kids. We had a great time, and I managed to forget about the market for a while. Then I thought about my best friend tonight. They got liquidated in yesterday’s big drop, and I feel awful too. The market may be dropping numbers, but what got wiped out was real money—my friend’s real money.
Today is November 15, 2026. My view remains cautiously optimistic. 62,000 is the key level; next week’s Nvidia earnings and the Fed meeting minutes should give us a clearer picture. I’ll look back in a month and see how this call holds up.
Two coins I’m watching:
$BTC : It hit a four-month low of 62,006 and has recovered to 65,422. Below that, 57,742 is this year’s low. If it holds 62,000, we can look for a rebound;
$BNB : 597.54, with an intraday low of 566. It’s following the broader market; if the market stabilizes, this should be one of the first to stabilize too.
