- Bitcoin fell to nearly $62,000 over the past 24 hours, returning to July price levels as a broad crypto-market sell-off drove $1.96 billion in forced position closures.
- Positions held by 313,538 traders were liquidated, while long positions accounted for 85.9% of liquidation volume and the Fear and Greed Index fell to 12.
- CryptoQuant data showed the largest bitcoin holders adding to their holdings as mid-sized wallets reduced theirs.
Bitcoin later traded near $64,469 at the time of writing, according to a BTC/USDT chart on Binance. The earlier drop had taken the cryptocurrency close to $62,000.
Long positions dominate nearly $2 billion in liquidations
Long-position liquidations totaled $1.68 billion over the past day, compared with $274.88 million for shorts, according to CoinGlass. Longs accounted for 85.9% of all forced closures by value and shorts for 14.1%.
Binance recorded 38.3% of liquidations, the largest share among exchanges, according to CoinGlass data. The largest single liquidation was also on Binance: an ETHUSDT position worth $16.17 million was closed at $1,792.88.
Bitcoin generated the most liquidations among individual assets, at $752.9 million, with long positions accounting for 79.8%. Ethereum liquidations reached $472.19 million, of which 84.6% were longs.
On Nov. 13, positions held by more than 185,000 traders had generated $1.64 billion in total liquidations.
The Fear and Greed Index fell to 12 out of 100, placing it in the “extreme fear” category. The index stood at 14 a day earlier and 29 a week earlier.
Comparable readings have accompanied previous major corrections. The index dropped to 10 in February 2025, its lowest level since July 2022, approaching the all-time low of six recorded in June 2022.
Largest bitcoin holders add to reserves
CryptoQuant data showed differing behavior among groups of bitcoin holders during the sell-off. In the latest period, wallets holding 1,000 to 10,000 BTC added 43,700 BTC, while wallets with more than 10,000 BTC added 3,300 BTC.
Mid-sized holders reduced their positions. Wallets containing 100 to 1,000 BTC sold 50,500 BTC, while those holding 10 to 100 BTC sold 14,400 BTC, according to a CryptoQuant post dated Nov. 14, 2026.
CryptoQuant analysts identified $68,700, $73,000, $74,700 and $76,000 as levels that previously served as support reference points and may now act as resistance. They placed the nearest significant support around $63,000, at the base of the August breakout, with additional levels at $59,800, $57,700 and $53,800.
Investors differ on the market outlook
Bitwise Chief Investment Officer Matt Hougan compared current crypto-market sentiment with conditions in mid-2018. He said the industry could remain in an exhaustion phase while participants assess the long-term implications of the elections, the situation around Binance and tighter monetary policy.
Hougan also said the next major growth opportunity could come from a technological breakthrough similar to decentralized finance in the previous cycle, though he said its timing was difficult to predict.
Entrepreneur and investor Anthony Pompliano said bitcoin could fall further before recovering. He argued that attempts to time a short-term bottom often underperform steady accumulation and said Fear and Greed Index readings below 20 had historically produced attractive buying conditions. He also urged investors not to place all their savings in one asset.
Cryptocurrency critic Peter Schiff again warned that bitcoin could undergo a deeper correction. He previously said a break below $50,000 could accelerate the decline and lead bitcoin to retest levels below the $16,500 recorded in 2022.
Source: Incrypted
