Bitcoin came under pressure from a large-scale sell-off: the price of the first cryptocurrency fell to almost $62,000 — a July level, and over the past 24 hours, positions worth $1.96 billion were forcibly closed on the crypto market. According to CoinGlass, more than 313,500 traders were liquidated, with 85.9% of the losses falling on holders of long positions.

The volume of liquidations on futures contracts in the crypto-asset market.

At the time of writing, the asset is trading near $64,469.

Daily BTC/USDT chart on the Binance exchange.

Nearly $2 billion in liquidations and record fear in the market

In a single day, the volume of liquidations of long positions (longs) amounted to $1.68 billion, while that of short positions (shorts) was $274.88 million. Thus, longs accounted for 85.9% of all forcibly closed positions, and shorts for 14.1%.

Binance recorded the largest share of liquidations among exchanges — 38.3%. The largest single order also occurred on this platform: an ETHUSDT position worth $16.17 million was forcibly closed at a price of $1792.88.

Among the assets, the most liquidations were recorded in bitcoin — $752.9 million, of which 79.8% were longs. In Ethereum, this figure was $472.19 million, and the share of long position liquidations reached 84.6%.

Recall that on November 13, the liquidation amount for positions of over 185,000 traders reached $1.64 billion.

At the same time, the fear and greed index dropped to 12 points out of 100, which corresponds to the "extreme fear" zone. The day before, it stood at 14 points, and a week ago — at 29.

Similar sentiment was already observed during previous large-scale corrections. In particular, in February 2025, the index fell to 10 points — the lowest value since July 2022. At that time, the indicator approached the historical minimum of six points recorded in June 2022.

Large holders are accumulating bitcoin, while market participants prepare for a prolonged downturn

Despite the price drop, CryptoQuant data indicate heterogeneous behavior among different groups of Bitcoin holders. Wallets with a balance of 1,000 to 10,000 BTC increased their holdings by 43,700 BTC over the recent period, and addresses with more than 10,000 BTC — by another 3,300 BTC.

Whales are buying.

1K–10K BTC wallets: +43.7K BTC

10K+ BTC wallets: +3.3K BTC

But mid-sized holders are selling more:

100–1K BTC wallets: −50.5K BTC

10–100 BTC wallets: −14.4K BTC https://t.co/XhiLtu2EMs

— CryptoQuant.com (@cryptoquant_com) November 14, 2026

At the same time, medium-sized holders are reducing their positions: wallets with 100-1000 BTC sold 50,500 BTC, and those with 10-100 BTC — 14,400 BTC. Thus, against the backdrop of selling, the largest holders are increasing their exposure, while mid-tier players are exiting the asset.

CryptoQuant analysts also outlined key price levels for bitcoin. According to their assessment, the marks of $68,700, $73,000, $74,700 and $76,000, which previously served as support guidelines, may now become resistance. The nearest important support zone is located near $63,000 — at the level of the August breakout base. Below, the analysts identify $59,800, $57,700 and $53,800.

The head of investment company Bitwise, Matt Hougan, compared the current situation with sentiment on the crypto market in mid-2018. In his opinion, the industry may remain in a phase of exhaustion for some time while participants assess the long-term consequences of the elections, the situation around Binance, and tighter monetary policy.

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He also suggested that the next major growth opportunity could emerge thanks to a technological breakthrough similar to DeFi in the previous cycle, but predicting its emergence is difficult.

Another position was voiced by entrepreneur and investor Anthony Pompliano. He recalled that bitcoin may continue to fall before recovering, and attempts to guess the short-term bottom often fall short compared to gradual accumulation of the asset. Pompliano also drew attention to the fact that a fear and greed index below 20 has historically created attractive conditions for buying, while calling on investors not to concentrate all their savings in a single asset.

Against the backdrop of Bitcoin's decline, cryptocurrency critic Peter Schiff has again warned of the possibility of a deeper correction. He previously suggested that after breaking through $50,000, BTC could accelerate its decline and retest levels below $16,500 recorded in 2022.