Bitcoin tumbles $5,000 in a day as crypto liquidations blow past $2B
Crypto is getting hammered. Bitcoin shed $5,000 today and $11,000 over three days, while liquidations crossed $2 billion in 24 hours and topped $900 million in the last four hours alone. Since October 6th, $800 billion in market cap has vanished, per the Kobeissi Letter.
- Original source: X account @KobeissiLetter.
- The source published it on Nov 14, 2026 at 10:19 PM.
- No second outlet has reported it yet. Treat it as a single-source claim.
- It comes from X posts, not a news outlet.
Bitcoin gave up $5,000 on the day and $11,000 across the last three sessions, a slide the Kobeissi Letter calls one of its steepest drawdowns in months. The selling isn't letting up: crypto liquidations punched through $2 billion in the last 24 hours. In just the most recent four-hour window, more than $900 million in levered positions were wiped out.
The damage runs wider than one coin. Since October 6th, the Kobeissi Letter puts total crypto market value erased at $800 billion. That puts Bitcoin back at its lows of the year, undoing an attempted rally into the close of the third quarter.
Measured from the record high hit in October 2025, crypto has now given back more than half of its total market cap, according to the Kobeissi Letter.
The account's read on what comes next is blunt: crypto is in desperate need of a new catalyst.
TopicsBitcoin · Kobeissi Letter
Source: x.com
Written by Paparazzi with AI. Not financial advice.
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