Bitcoin falls to $64,000 as $1.2 billion in leveraged bets are wiped out
Bitcoin broke below $72,000 on November 12 and slid toward $62,000 by the weekend. What happened, what it means for long-term DCA buyers, and the numbers.
Bitcoin had a rough week. After losing the $72,000 level on November 12, it kept sliding and traded near $64,000 by the evening of November 14, then briefly dipped to around $62,000 on November 15 before a short-lived rebound.
What happened
- A chain of broken levels. Bitcoin dropped through $70,000 and then its 200-week moving average (about $67,800–68,000), a level many long-term traders watch as a floor.
- Leverage made it worse. Roughly $1.2 billion of leveraged long positions were liquidated across November 13–14, forcing more selling into a falling market.
- Pressure on big holders. At around $64,000, Strategy (formerly MicroStrategy), the largest corporate bitcoin holder, was sitting on paper losses of about $9 billion on its bitcoin.
- Sentiment hit extreme fear. The Crypto Fear & Greed Index fell to 10 out of 100.
The numbers right now
Bitcoin trades at $64,540.40 — far below its all-time high of $126,080 from October 6, 2025. See how far every top coin is from its peak on our from-ATH page.
What it means if you buy regularly
Crashes feel very different for a regular (DCA) buyer: the same $10 buys more bitcoin when the price is low. Someone who bought $10 of bitcoin every day for the last 5 years has put in $18,410 and now holds $27,439 (+49.0%) — even after this drop. Past drawdowns of 50–80% were eventually recovered, but each took a long time and nothing guarantees it will happen again. Compare with stocks and gold in the DCA calculator.
Sources
- TokenPost — Bitcoin was $63,775 at 7:31 p.m. ET Nov. 14
- Crypto Briefing — Bitcoin selloff tests resolve of committed investors
- Pluang / TokenPost — Bitcoin drop below $64K triggers liquidations
- Captain Calvin — Bitcoin breaks and crypto liquidity contracts
Not investment advice.