Bitcoin breaks $66,000 as $215 million in leveraged positions are wiped in an hour
As seen on the 24/7 Wall St. homepage on November 14, 2026.
Leverage is getting flushed out fast: $215 million in positions wiped in a single hour as Bitcoin broke $66,000, and forced selling like that tends to feed on itself.
BREAKING: Bitcoin falls below $66,000 and Bitcoin falls below $1,850 as $215 million worth of levered positions are liquidated in 60 minutes. Crypto is seeing one of its most brutal weeks of the year. https://t.co/qItt55l45d
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On November 14, 2026, Bitcoin dropped below $66,000 and Ethereum fell below $1,850 in a rapid, simultaneous selloff that caught leveraged traders badly offside. Within a single 60-minute window, $215 million worth of levered positions were liquidated across the crypto market.
When leveraged positions are closed involuntarily at scale, the resulting sell pressure hits the order book hard and fast, pushing prices lower in a way that triggers yet more liquidations down the chain.
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The Kobeissi Letter, a widely followed markets commentary account, described the conditions as one of crypto's most brutal weeks of the year. With both of the market's two largest assets breaking key price levels at the same time, there was no obvious corner of the market offering shelter.
A quarter-billion dollars in positions unwound in an hour points to a market that had been carrying significant leverage heading into the drop, and that overhang does not always clear in a single session.