Bitcoin drops to $60,000 as ETFs record 7‑day outflows
ITF Team2 min read
Bitcoin fell to $60,000 on Nov 14, 2026 after seven consecutive days of ETF net outflows totalling $2.4 billion and $700 million in long liquidations.
Key takeaways
- Bitcoin slid to $60,000 on Nov 14, 2026, a 4.44% drop from the previous close.
- ETF investors withdrew $2.4 billion from Bitcoin funds during the first 13 days of November 2026.
- Long positions in BTC futures were liquidated for roughly $700 million on Nov 14, 2026.
- Analysts now see a 13% downside risk to the $58,000 level if the $62,500 support fails.
Bitcoin (BTC) fell to $60,000 on Nov 14, 2026, extending a week‑long downtrend that has erased about 12% of its value. The move was amplified by a seventh straight day of net outflows from Bitcoin exchange‑traded funds (ETFs), which totalled $2.4 billion in the first 13 days of November, and by $700 million of long futures liquidations as the price slipped below $70,000.
ETF outflows and macro backdrop drive the sell‑off
The sustained outflow from Bitcoin‑linked ETFs reflects a broader risk‑off sentiment on Wall Street. The political environment turned hostile after Democrats won the U.S. mid‑term elections, effectively killing the Clarity Act and dampening hopes for crypto‑friendly legislation in 2027. At the same time, a hotter‑than‑expected October inflation report pushed FedWatch analysts to raise expectations that the Federal Reserve will hike rates by 50 basis points in January, a development that traditionally hurts speculative assets such as cryptocurrencies.
With higher rates expected, investors shift away from risk‑on assets, and Bitcoin ETFs experienced $2.4 billion of withdrawals over the 13‑day window. The outflow volume is on track to match the total withdrawals seen since June 2026, when the previous bearish cycle hit its low.
Technical picture: support at $62,500, risk to $58,000
On the daily chart, the $62,500 zone acted as the last defensive order block before the token could retest its late‑June lows around $58,000. The area corresponds to a fair‑value gap (FVG) that has almost been filled, suggesting that buying pressure at that level may be weaker than during the earlier rally.
If the $62,500 support collapses, the next logical target is the $58,000 region, implying a 13% downside from the current price. The Relative Strength Index (RSI) is deep in oversold territory, which could trigger a short‑term bounce, but traders are likely to view any rebound as a shorting opportunity rather than a sign of a sustainable recovery.
Read also: Gold and crypto tumble as Singapore opens vault, 15 Nov 2026 market overview
Market sentiment and what to watch next
The Crypto Fear and Greed Index sits at 19, indicating extreme fear. Combined with the political opposition and rising U.S. rates, sentiment is at a nadir that could sustain pressure on BTC.
Traders should monitor a few key levels: a break below $58,000 would open the path toward the $54,000‑$55,000 range, while a firm hold above $62,500 could invite a modest rally toward the $66,900 pivot. Upcoming data to watch includes the U.S. CPI release slated for early December and any legislative updates from the new Congress that could affect crypto regulation.
- Current price: $60,000 (Nov 14, 2026)
- ETF net outflows: $2.4 billion (first 13 days of Nov 2026)
- Long futures liquidations: $700 million (Nov 14, 2026)
- Key support: $62,500; next support: $58,000
Frequently asked questions
Why did Bitcoin ETFs see seven days of outflows?
ETF investors pulled $2.4 billion from Bitcoin funds during the first half of November as the U.S. political climate grew less friendly to crypto and a hotter‑than‑expected inflation print raised expectations of a 50‑basis‑point Fed rate hike in January, both of which reduced appetite for risky assets.
What technical level could stop Bitcoin’s decline?
The $62,500 order block is the immediate support on the daily chart. If price holds there, the next target is the $66,900 pivot. A break below would likely push the token toward the $58,000 zone, which marks the low seen in late June 2026.
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This article is compiled from international market news for information only. It is not investment advice.