In this video: We analyse Bitcoin on 15 November 2026 using Elliott Wave, market data and indicators, with a five-wave move above around $68,800 as the first sign of a low. Video by More Crypto Online.
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Bitcoin fell from around $74,000 on Wednesday evening to around $63,300 by Saturday evening, more than 6% on Saturday alone and without any major news. It was a liquidation cascade: according to CoinGlass, positions worth around $1.5 billion were forcibly closed within 24 hours, almost 90% of them bets on higher prices, in a thin weekend market after a week of rate worries, Nvidia turmoil and ETF outflows. Bitcoin has seen a cascade like that about every four months since 2017, but after the first day of such a cascade there was still a lower price within three months in 24 of 27 cases.
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Bitcoin Insights Today
• Macro Pressure & Rates: Hotter-than-expected inflation metrics pushed market odds higher for a tighter Federal Reserve policy stance.
• ETF Outflows: U.S. spot Bitcoin ETFs faced consecutive sessions of heavy net redemptions totaling billions over late October and November.
• Analyst Perspective: On-chain analyst James Check noted that BTC entered a "deep value zone" reminiscent of prior cyclical resets, though short-term volatility and fragile order books persist due to negative gamma positioning below $73,000.
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