🚨 BTC JUST LOST $67K — $250M LIQUIDATED IN 10 MINUTES 👀
Bitcoin fell to about $66,500 overnight, its lowest since mid-August, after breaking the $70,000 level on Friday.
$BTC now trades near $67,180, down 2.4% in 24 hours and roughly 12% on the week, 46.6% below its $126,080 all-time high from October 6 (CoinGecko via Crypto Times).
📊 The damage:
• $1.26B liquidated in 24h (CoinGlass), 86% of it longs; Bitcoin positions alone took $635.8M
• $250M wiped out in a single 10-minute window during the overnight flush (WatcherGuru)
•
$ETH slipped under $1,900 and
$SOL under $75, while XRP lost the $1 handle
• Spot BTC ETFs: $284M outflows on Nov 12, the 6th straight session of withdrawals (SoSoValue)
• Fear & Greed: 13, Extreme Fear, down from 20 yesterday
🔥 Why it matters: the 200-week moving average near $67,900 is now overhead, and the next floor sits at $66,000–$67,000. But one day of forced selling does not erase the whole trend. Liquidations are deleveraging, not the same as durable spot selling, and ETF outflows of about $1.5B across six sessions (Coinotag) say the bid stepped aside before the weekend flush even started.
My take: this is bigger than one red weekend. The market had no buyer underneath it, and a thin weekend book turned a break of $70K into a cascade. The first candle is noise, what decides the next leg is whether $66K holds into the Sunday weekly close.
What to watch:
• $66,000–$67,000 floor into the weekly close, a 6th straight weekly loss on the line
• Spot ETF flows when markets reopen Monday
• Whether BTC reclaims the 200-week MA near $67,900
Bottom line: a $250M 10-minute flush is a leverage event, not a verdict. If $66K holds, this is a washout. If it breaks, $63,000–$66,000 is next.
Is this a leverage washout setting up a bounce, or the start of another leg down? 🐂🐻
Not financial advice. DYOR.
#crypto #Bitcoin #BTCcrash