🚨 Bitcoin drops to $61,970 — lowest level since July
$BTC Tonight’s drop wasn’t ordinary — it was a second liquidation wave in 48 hours. Bitcoin fell to $61,970 early today, its lowest level since July, wiping out all the gains of recent months — then rebounded to around $64,800.
📊 The number that changed the story: $61,970 — tonight’s low, the lowest level since July, and the break below $65,000 came on a daily close, not just a brief touch. The takeaway in one line: the invalidation we warned about is now official, and the last line of defense is the low itself.
The full picture:
• $2.02 billion in liquidations over 24 hours — 86.7% of them long positions, with 318,349 traders liquidated
• $774 million in Bitcoin and $488 million in Ethereum liquidations over 24 hours
• Bitcoin is down around 14% in a week and 20% over the past month, and is about 49% below its all-time high of $126,080
• The market is pricing in an 88.5% chance of a 25-basis-point rate hike in December, and the 10-year Treasury yield is 5.15%
Why does this matter? Because liquidations can turn a decline into a wave: every level that breaks liquidates positions, and those liquidations trigger forced selling that breaks the next level — that’s how Bitcoin fell from $68,500 to $61,970 in two days.
Quick question: Are the liquidations over, or is there another wave still to come? Write “over” or “not yet.”
Source: CoinGlass, Kraken, CME FedWatch — November 15, 2026
#Bitcoin #Crypto
$BTC Tonight’s drop wasn’t ordinary — it was a second liquidation wave in 48 hours. Bitcoin fell to $61,970 early today, its lowest level since July, wiping out all the gains of recent months — then rebounded to around $64,800.
📊 The number that changed the story: $61,970 — tonight’s low, the lowest level since July, and the break below $65,000 came on a daily close, not just a brief touch. The takeaway in one line: the invalidation we warned about is now official, and the last line of defense is the low itself.
The full picture:
• $2.02 billion in liquidations over 24 hours — 86.7% of them long positions, with 318,349 traders liquidated
• $774 million in Bitcoin and $488 million in Ethereum liquidations over 24 hours
• Bitcoin is down around 14% in a week and 20% over the past month, and is about 49% below its all-time high of $126,080
• The market is pricing in an 88.5% chance of a 25-basis-point rate hike in December, and the 10-year Treasury yield is 5.15%
Why does this matter? Because liquidations can turn a decline into a wave: every level that breaks liquidates positions, and those liquidations trigger forced selling that breaks the next level — that’s how Bitcoin fell from $68,500 to $61,970 in two days.
Quick question: Are the liquidations over, or is there another wave still to come? Write “over” or “not yet.”
Source: CoinGlass, Kraken, CME FedWatch — November 15, 2026
#Bitcoin #Crypto
