Bitcoin drops below $66,000 as $215M in crypto positions liquidated in an hour
As seen on the 24/7 Wall St. homepage on November 14, 2026.
Forced selling is setting crypto prices right now: $215 million in leveraged positions were wiped out in a single hour, and cascades like that rarely stop at one.
BREAKING: Bitcoin falls below $66,000 and ETH 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/Vjfe9BZwM4
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On November 14, 2026, Bitcoin broke below $66,000 in a rapid sell-off that wiped out $215 million of leveraged positions in a single hour. That volume reflects forced selling, where margin calls cascade into more selling regardless of any trader's intent.
When leveraged positions are liquidated at this scale and speed, mechanics are setting prices. Each liquidation triggers the next, pushing prices lower and setting off another round of margin calls, which is why these events tend to cluster.
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The Kobeissi Letter characterized the stretch as one of crypto's most brutal weeks of the year, placing this drop inside a pattern of sustained pressure. That distinction matters for anyone deciding whether to hold, reduce exposure, or wait for the forced selling to run its course.
With $215 million liquidated in a single hour, the immediate concern is how much leveraged overhang remains in the market. Cascading liquidations rarely exhaust themselves all at once, and the speed of this move suggests leverage had been building significantly before the drawdown hit.