Key Notes
- Bitcoin traded near $65,300 after touching a rolling 24-hour low of $65,011 on Coinbase.
- Ether was near $1,825 and Solana at $73.11, with SOL down approximately 8.1% over 24 hours.
- Tracked derivatives recorded $880.7 million in 24-hour liquidations, including $815.4 million in long positions.
Bitcoin fell below $66,000 on Saturday as selling spread across cryptocurrency markets, pushing ether beneath $1,850 and Solana toward $73. The decline extended a difficult week for digital assets, with leveraged bullish positions accounting for most forced closures in derivatives markets.
At 16:11 UTC on November 14, Coinbase showed Bitcoin at approximately $65,289, ether at $1,825 and Solana at $73.11.
Bitcoin Approaches the $65,000 Mark
Bitcoin’s rolling 24-hour low on Coinbase was $65,011, while Kraken recorded $65,010.10. The latest quote left BTC less than 1% above that low and about 4.9% below its Coinbase price 24 hours earlier.
The move marked another leg down from Friday’s earlier selloff, when Bitcoin broke below $69,000 and ether slipped through $1,950. Saturday’s readings extended those losses.
Solana Falls More Sharply Than Bitcoin and Ether
Ether was down approximately 5.3% against its Coinbase 24-hour opening price, after touching $1,819.76. Solana lost around 8.1% over the same comparison period and reached a low of $72.95.
Those figures put Solana under greater pressure than either of the two largest cryptocurrencies. All three had recovered slightly from their weakest levels, but remained close to their rolling lows.
XRP, checked earlier at 16:03 UTC, also traded below $1, at approximately $0.9701 on Coinbase, down about 4.5% over 24 hours. Its low was $0.966, extending the weakness beyond BTC, ETH and SOL.
CoinMarketCap put the broader cryptocurrency market’s capitalization at roughly $2.2 trillion. The retreat across several major assets showed that the decline was not confined to Bitcoin.
Long Positions Dominate Liquidations
CoinGlass data checked at 16:06 UTC showed $880.7 million in liquidations across tracked derivatives markets during the preceding 24 hours. Long positions accounted for approximately $815.4 million, or 92.6% of the total.
The more recent four-hour window contained $422 million in forced closures, including $402.3 million in longs. Almost half of the day’s forced closures occurred during that shorter window. The unwind remained heavily concentrated in positions betting on higher prices.
Exchanges close leveraged positions when collateral falls below required levels. Liquidating bullish positions can add selling pressure during a decline, amplifying moves that began in spot or derivatives trading.
Friday’s Inflation Rebound Fades
Bitcoin had briefly reached $70,141.87 on Friday following the US producer-price release, as CoinScreamer’s PPI rebound coverage documented. Saturday’s 16:11 UTC quote was approximately 6.9% below that short-lived peak.
October producer prices rose 0.3% for the month, below the 0.4% forecast, but annual inflation accelerated to 6.5%. MarketSpeaker’s inflation breakdown explains why the softer monthly headline still left a mixed picture.
The BLS report also showed prices excluding food, energy and trade services rising 0.5% for a second consecutive month. That leaves persistent underlying inflation alongside the latest crypto-market deleveraging, with Friday’s brief recovery having failed to hold.
Disclaimer: CoinScreamer is an independent media brand owned and operated by NuvexMedia LLC, publishing news, research, and market insights on digital assets and related technologies. NuvexMedia LLC invests in and collaborates with companies across the digital asset, blockchain, and technology sectors. These relationships do not influence CoinScreamer’s editorial coverage, and the publication maintains full editorial independence to provide accurate, timely, and objective information. © 2025 NuvexMedia LLC. All rights reserved. This content is for informational purposes only and should not be considered legal, tax, investment, financial, or other professional advice.
