Bitcoin (BTC) has crashed nearly 14% over the past seven days, falling toward $65,000 on Saturday, November 14, 2026, as investors responded to tighter US monetary policy expectations, institutional withdrawals, and widespread liquidations.
The world’s largest cryptocurrency traded near $75,750 on November 7 before falling to approximately $65,178 at 15:30 UTC on November 14, according to market data from coingecko. The roughly $10,500 decline pushed Bitcoin to its lowest level since mid-August.
The latest decline extended the selling pressure that had already pushed BTC below $70,000 on November 13. Leveraged positions worth more than $1.41 billion were liquidated during Friday’s early sell-off, with bullish traders absorbing most of the losses.
However, the weakness is not limited to cryptocurrency derivatives. A combination of inflation concerns, a stronger US dollar, declining institutional demand, and reduced liquidity has contributed to the broader downturn.
Fed rate hike fears intensify
The biggest pressure on Bitcoin this week has come from changing expectations for US interest rates. Stronger employment figures and higher-than-expected inflation have pushed investors to anticipate additional monetary tightening by the Federal Reserve.
The US Bureau of Labor Statistics reported on November 10 that October’s Consumer Price Index rose 0.4% month over month, exceeding expectations of 0.3%. Core inflation increased 0.3%, also above the forecast of 0.2%.
Federal Reserve Governor Christopher Waller added to those concerns, stating in a November 10 speech that he favored a 25-basis-point hike in December but would consider a larger 50-basis-point increase if inflation remained elevated.
According to Coinbase Institutional’s November 13 market report, futures markets were pricing approximately 64 basis points of additional rate hikes over the next 12 months, compared with 37 basis points earlier in November.
The pressure persisted despite Friday’s Producer Price Index report showing a smaller-than-expected monthly increase of 0.3%. Annual producer inflation nevertheless reached 6.5%, its highest since November 2022, according to the BLS.
The US 10-year Treasury yield climbed as high as 5.17% on November 13, while the US Dollar Index remained near a 19-month high. Higher bond yields and a stronger dollar have made non-yielding assets such as Bitcoin less attractive to investors.
Bitcoin ETFs lose $1.06 billion as institutional demand weakens
Institutional selling has added another layer of pressure. US spot Bitcoin exchange-traded funds recorded approximately $1.065 billion in net outflows during the November 9–13 trading week, according to Farside Investors.
Withdrawals reached $299.8 million on November 11, followed by another $284.1 million on November 12. Friday’s outflows totaled $185.4 million, extending the funds’ withdrawal streak to seven consecutive trading sessions.
BlackRock’s iShares Bitcoin Trust (IBIT) accounted for $143.5 million of Friday’s withdrawals, while Fidelity’s FBTC lost $41.9 million. The latest figures build on the $1.44 billion in ETF withdrawals previously reported by The Crypto Times for the five sessions ending November 11.
The persistent withdrawals suggest that institutional demand has weakened during the sell-off, removing a source of buying support as Bitcoin breaks through important price levels.
Crypto liquidity contracts as stablecoin supply falls $14.2 billion
Beyond ETF withdrawals, the cryptocurrency market is experiencing a broader reduction in available liquidity.
In its November 11 Week On-chain report, Glassnode reported that total stablecoin supply had contracted by $14.2 billion over 30 days, the fastest decline since June 2022.
The contraction indicates that investors have been redeeming stablecoins and moving capital out of the cryptocurrency market, reducing the amount of available funds that could otherwise support Bitcoin purchases.
Glassnode also found that Bitcoin was trading below the $75,600 short-term holder cost basis, representing the average purchase price of coins acquired within the previous 155 days.
According to the report, approximately two-thirds of short-term holder coins were purchased above Bitcoin’s prevailing price at the time. This creates the possibility of additional selling when investors attempt to recover their initial investments during market rebounds.
Nvidia turmoil and Strategy’s MSCI removal add pressure
The decline has also coincided with significant developments in US technology and Bitcoin-linked equities.
Nvidia’s announcement that CEO Jensen Huang had resigned triggered substantial selling in semiconductor stocks on November 12. The company’s shares fell sharply, while Bitcoin dropped below $72,000 as broader market risk appetite weakened.
Nvidia’s shares dropped more than 14% from the previous close at their intraday low before recovering part of those losses.
Meanwhile, MSCI’s decision to remove Michael Saylor’s Strategy from its equity indexes has raised additional concerns about selling pressure on Bitcoin-linked stocks. The index changes take effect after November 30.
Strategy has opposed the index provider’s revised classification methodology. The removal creates potential selling pressure from passive investment funds tracking affected indexes, although it does not directly require Strategy to sell Bitcoin.
Liquidations accelerate Bitcoin’s weekly crash
The decline has been amplified by forced closures of leveraged cryptocurrency positions. When Bitcoin falls below heavily leveraged traders’ liquidation prices, exchanges automatically close their positions, potentially adding to selling pressure.
CoinGlass data cited by The Crypto Times showed $1.41 billion in market-wide liquidations during a 24-hour period on November 13, with long positions accounting for 89% of the total.
The liquidation wave continued into Saturday. Coinglass separately reported approximately $364.4 million in Bitcoin-specific liquidations for November 14, including $339.2 million from long positions. These are separate reporting windows and should not be added together.
The forced closures have intensified Bitcoin’s decline at a time when ETF demand and stablecoin liquidity are weakening.
Will Bitcoin price crash below $60,000?
Bitcoin’s decline toward $65,000 has brought several important support levels into focus, particularly after the cryptocurrency lost the $70,000 psychological threshold and the closely watched 200-week moving average near $68,000.
Coinbase Institutional identified $66,000–$68,000 as a major support region in its November 13 analysis. With Bitcoin subsequently slipping beneath that zone, the firm’s next downside level near $62,000 becomes increasingly relevant.
A sustained decline below $62,000 could expose the $58,000–$59,000 region, although that scenario remains conditional rather than confirmed.
Glassnode’s analysis also identified a concentration of previously acquired Bitcoin between $62,000 and $66,000, suggesting that the area could attract buying activity. However, continued ETF withdrawals and stronger rate hike expectations could limit any recovery.
On the upside, Bitcoin would first need to recover the $66,000–$68,000 region and then reclaim $70,000 to begin repairing its short-term market structure. A stronger recovery toward $73,000–$75,000 would provide clearer evidence that the latest selling pressure is easing.
For now, Bitcoin faces pressure from both traditional financial markets and cryptocurrency-specific capital outflows. With the Federal Reserve’s next meeting scheduled for December 8–9, the direction of interest rate expectations, ETF flows, and available market liquidity will remain central to whether BTC stabilizes or extends its decline.