Bitcoin falls over $11,000 in three days; crypto liquidations exceed $2 billion in 24 hours

According to The Kobeissi Letter and Coin Edition on November 15, Bitcoin has fallen by around $11,000 over the past three days, including a drop of about $5,000 in a single day. It hit a 24-hour low of around $63,326, returning to near its yearly low. Ethereum also weakened, trading at around $1,749.

According to CoinGlass data, total crypto liquidations exceeded $2 billion over the past 24 hours. Bitcoin futures liquidations accounted for about $597 million, including around $549 million in long positions and $48 million in short positions. Leveraged liquidations topped $900 million over the past four hours. Since October 6, the crypto market’s total capitalization has shed around $800 billion, falling by more than half from its record high in October 2025.

U.S. spot Bitcoin ETFs saw net outflows of $185.4 million on November 13, marking their seventh consecutive trading day of net outflows. (Sources: The Kobeissi Letter, Coin Edition, CoinGlass; November 15)

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