Bitcoin fell below $67,000 on Saturday dropping nearly 12% on the week after losing the $75,500 level and hitting a low of $66,456.
TradingView reported that the decline triggered $663.83 million in market liquidations, with long traders accounting for $533.56 million of the total losses.
Bitcoin Fell Below $67,000 Amid Liquidations and Rate Fears
- Bitcoin fell below $67,000 on November 14, 2026, down nearly 12% for the week and triggering $663.83 million in liquidations.
- Coinbase Institutional attributed the slide to shifting Federal Reserve rate expectations rather than the Binance hack, driven by hot October inflation figures.
- Additional headwinds include a $11.5 billion drop in stablecoin supply, $3 billion in spot ETF outflows, and MSCI’s upcoming removal of Strategy from global indexes.
Fed Rate Expectations Fuel Bitcoin Pressure
Bitcoin’s recent drop had more to do with changing Fed rate expectations than the Binance hack, according to a weekly report from Coinbase Institutional. The broader macroeconomic environment is currently creating severe headwinds for non-yielding digital assets.
October consumer prices rose 0.4% month-over-month while core inflation increased 0.3%, coming in 0.1 percentage point above expectations. TradingView reported that these figures led traders to price in a 25-basis-point Fed rate hike for December.
Fed Governor Christopher Waller said that he would support a 25-basis-point hike to take interest rates to 4%–4.25%. He warned that a core inflation rise above 0.3% could prompt the central bank to consider a larger 50-basis-point hike.
Markets are now pricing in approximately 64 basis points of rate hikes over the next 12 months, up from 37 basis points earlier in November. Higher borrowing costs decrease the appeal of non-yielding assets while a strengthening currency adds further stress, with the dollar index climbing to 103.4, its highest level since April 2025.
Stablecoin Supply Drops as ETF Outflows Reach $3 Billion
Selling pressure extends well beyond interest rate adjustments. Stablecoin supply has dropped by $11.5 billion over the past 30 days, marking the largest decline recorded by Coinbase Institutional.
Bitcoin spot ETFs have faced heavy withdrawals. Since October 30, outflows have reached a record $3 billion, with November 4 standing as the only day to record an inflow of $74.6 million during the period.
Adding to these liquidity strains, MSCI confirmed that Strategy will be removed from its global indexes after November 30. Index-tracking funds could be forced to sell approximately $2.8 billion worth of Strategy shares as a result.
| Metric | Value | Timeframe |
|---|---|---|
| Bitcoin Low Price | $66,456 | Week of November 14, 2026 |
| Total Liquidations | $663.83 million | Week of November 14, 2026 |
| Long Liquidations | $533.56 million | Week of November 14, 2026 |
| Stablecoin Supply Drop | $11.5 billion | Past 30 days |
| Bitcoin Spot ETF Outflows | $3 billion | Since October 30, 2026 |
Coinbase Institutional Identifies Key Support Levels for Bitcoin
With Bitcoin trading below $67,000, Coinbase Institutional identified $62,000 as the next major support level if the $66,000 to $68,000 range fails. On the upside, a move past $73,000 could improve prospects for a return to $80,000.
Bitcoin critic Peter Schiff warned that the decline could accelerate if key supports break. He said that selling may intensify below $50,000.
“The Bitcoin collapse is gathering steam. I expect the momentum to pick up once Bitcoin breaks $50K. In fact, once it does, it could be a quick trip to the 2022 low below $16.5K. I wouldn’t be surprised to see a retest of that level before year-end. If so, it’s curtains for CRYPTO:MSTRUSD,” said Peter Schiff on November 14, 2026.
Disclaimer: The information provided in this article is for educational and informational purposes only and does not constitute financial advice.
