Bitcoin just lost the line that held every past bear market.
$BTC is trading near $64,600 after bouncing off $62,006 overnight, but the damage runs deeper than one bad weekend. $BTC has now lost its 200-week moving average, around $67,850 — the line that acted as a floor in every past bear market. A weekly close back above $67,850 is what a real recovery needs.
So why is it falling? BitMine chairman Tom Lee named five drivers on November 14: margin calls from falling AI and chip stocks, investors raising cash ahead of Anthropic's Nasdaq listing on November 19, selling after the $6.34 billion Binance security incident, AI cybersecurity fears, and US scrutiny of chip exports. US spot Bitcoin ETFs have now lost nearly $3 billion since October 30. Lee still holds the supercycle thesis — and BitMine keeps buying, holding 6.07 million ETH, about 5% of supply.
The pain is spreading. $XRP is back below $1 at $0.96, down almost 48% this year, while $ETH sits near $1,827, down 18% this week and 38% since January. On-chain data shows less than 45% of Bitcoin's active supply is still in profit, and recent buyers are about 13.5% underwater on average. Fear and Greed reads 10 — extreme fear.
My take: this is no longer just a leverage flush. When the 200-week average breaks and ETF money keeps walking out, the market is repricing the whole story, not just the weekend. But capitulation data like this is also what bottoms are made of — the question is whether $60,000 holds first.
Levels to watch: support at $62,000, then $60,000, worst case $58,000; resistance at $65,000, then $67,850.
Is $60,000 the line in the sand, or does this week take us to $58,000? Drop your view below.
Source: CryptoCompass, Crypto.news, CryptoQuant — 15 Nov 2026
Follow for daily crypto updates.
#Bitcoin #Crypto #XRP
Not financial advice.
$BTC is trading near $64,600 after bouncing off $62,006 overnight, but the damage runs deeper than one bad weekend. $BTC has now lost its 200-week moving average, around $67,850 — the line that acted as a floor in every past bear market. A weekly close back above $67,850 is what a real recovery needs.
So why is it falling? BitMine chairman Tom Lee named five drivers on November 14: margin calls from falling AI and chip stocks, investors raising cash ahead of Anthropic's Nasdaq listing on November 19, selling after the $6.34 billion Binance security incident, AI cybersecurity fears, and US scrutiny of chip exports. US spot Bitcoin ETFs have now lost nearly $3 billion since October 30. Lee still holds the supercycle thesis — and BitMine keeps buying, holding 6.07 million ETH, about 5% of supply.
The pain is spreading. $XRP is back below $1 at $0.96, down almost 48% this year, while $ETH sits near $1,827, down 18% this week and 38% since January. On-chain data shows less than 45% of Bitcoin's active supply is still in profit, and recent buyers are about 13.5% underwater on average. Fear and Greed reads 10 — extreme fear.
My take: this is no longer just a leverage flush. When the 200-week average breaks and ETF money keeps walking out, the market is repricing the whole story, not just the weekend. But capitulation data like this is also what bottoms are made of — the question is whether $60,000 holds first.
Levels to watch: support at $62,000, then $60,000, worst case $58,000; resistance at $65,000, then $67,850.
Is $60,000 the line in the sand, or does this week take us to $58,000? Drop your view below.
Source: CryptoCompass, Crypto.news, CryptoQuant — 15 Nov 2026
Follow for daily crypto updates.
#Bitcoin #Crypto #XRP
Not financial advice.
