6/1053 sources · 32 publishersUpdated Nov 15, 06:34 UTC
Bitcoin slides to three‑month low near $63,300 as liquidations wipe out roughly $2 billion in crypto bets
+45 new sources since this summary was written
On November 14‑15 Bitcoin fell to a three‑month low of $63,311, while Ether dropped to $1,731. Coinglass data show about $1.9 billion in crypto positions were liquidated in a 24‑hour period, with 318,700 traders forced to close long bets. The sell‑off was driven by higher U.S. interest‑rate expectations, outflows from spot Bitcoin ETFs and fallout from the Binance hack.
Why it matters
The massive liquidations erased roughly $2 billion of market value, increasing margin‑call risk for leveraged traders and reducing the net asset value of institutional holders such as MicroStrategy.
Key facts
- 1Bitcoin reached a low of $63,311. theedgemalaysia.com
- 2Ether fell to $1,731. unn.ua
- 3Approximately $1.9 billion in crypto positions were liquidated in 24 hours. theedgemalaysia.com
- 4318,700 traders were liquidated, wiping out $1.9 billion in 24 hours. finance.biggo.com
Open questions
- Total crypto liquidations reported as $1.9 billion versus $2 billion for the same 24‑hour period.
Summary written by AlphAI AI Desk from 8 of 8 sources. Not investment advice. Figures are as stated by the linked sources.