Daily Cryptocurrency Market Report – November 14
Author kim
Key Takeaways
① Price action: The sudden resignation of Nvidia CEO Jensen Huang, combined with expectations of a December Fed rate hike, triggered concentrated liquidations of leveraged longs. BTC fell below $68,000 to $67,934.63 (-4.68%), hitting its lowest intraday level since August 20; SOL (-5.17%) and ETH (-4.78%) led the declines, with ETH falling below $2,000.
② Fund flows: Spot BTC ETFs recorded net outflows of $284 million on 11/12, marking the sixth consecutive day of outflows (following -$300 million the previous day). Cumulative net outflows over the six days reached $1.722 billion, with outflows of $1.292 billion over the past five trading days; spot ETH ETFs recorded net outflows of $70.57 million on 11/12, also marking six consecutive days of outflows; no verified ETF data was available for 11/13.
③ Today: 11/14–11/15 falls on the weekend, and the United States, eurozone, Japan, and China have no high-impact data releases scheduled; the Fear & Greed Index fell from 28 to 20 (extreme fear), reaching a recent low.
Market Overview
Fear & Greed Index: 20 (extreme fear) · Spot BTC ETF net outflows on 11/12: -$284 million · Spot ETH ETF net outflows on 11/12: -$70.57 million
The main theme over the past 24 hours was the transmission of turmoil in technology stocks to the crypto market. According to The Block , Nvidia CEO Jensen Huang announced his resignation on 11/12, putting pressure on U.S. technology stocks;Nexo noted that Nvidia had appointed Colette Kress as interim CEO and that its share price had fallen approximately 11% cumulatively this week, cooling risk appetite in turn.
Regarding prices and liquidations, The Block cited CoinGlass data showing that approximately $1.47 billion in leveraged positions were liquidated within 24 hours, including $1.31 billion in long positions and approximately 175,000 traders; $799 million was liquidated in just four hours.Altcoin Buzz calculated that BTC alone accounted for approximately $677 million in liquidations ($654 million in longs), with the largest single liquidation being a BTC long worth more than $31 million on Hyperliquid; Nexo said perpetual futures funding rates had turned negative for the first time in a month.
The macro backdrop has tightened: U.S. October PPI rose 6.5% year over year, the highest level since November 2022 (StockTitan citing BLS data), and, alongside the previously higher-than-expected CPI, Nexo cited CME FedWatch as showing that a 25-basis-point rate hike in December was fully priced in, while the probability of a 50-basis-point hike was approximately 12%.CryptoTicker pointed out that the Dollar Index rose above 103 and the U.S. 10-year Treasury yield broke above 5%; Talos data showed that BTC order-book depth was approximately 33% below normal, amplifying the downside volatility.
In terms of fund flows and sentiment, according to PANews Citing SoSoValue, spot BTC ETFs saw net outflows of $284 million on 11/12. BlackRock’s IBIT accounted for $204 million of the outflows, while only Morgan Stanley’s MSBT saw a modest inflow. Cumulative net outflows for November to date (11/02–11/12) totaled approximately $2.162 billion. Spot ETH ETFs saw outflows of $70.57 million on the same day (PANews citing SoSoValue), while the Fear & Greed Index fell from 28 to 20 within a single day, entering the “Extreme Fear” zone.
Next, keep an eye on two points: First, whether ETF flows can stabilize—outflows over six consecutive days have accumulated to more than $1.7 billion, and if Friday’s (11/13) data remains negative, it will further suppress the strength of any rebound; second, Nvidia’s earnings report and the Federal Reserve meeting minutes next week. Tech-stock sentiment and expectations for the magnitude of the December rate hike remain key variables for the short-term direction.
Top 10 Tokens by Market Cap
| Rank | Token | Price (USD) | 24h Change | Market Cap |
|---|---|---|---|---|
| 1 | BTC | 67934.63 | -4.68% | $1,366.3 billion |
| 2 | ETH | 1918.44 | -4.78% | $234.5 billion |
| 3 | USDT | 0.9994 | -0.01% | $175.6 billion |
| 4 | BNB | 627.4 | -4.50% | $82.5 billion |
| 5 | USDC | 1.0003 | -0.01% | $69.1 billion |
| 6 | XRP | 1.0019 | -3.72% | $63.6 billion |
| 7 | SOL | 77.39 | -5.17% | $45.8 billion |
| 8 | TRX | 0.3122 | -1.05% | $29.7 billion |
| 9 | HYPE | 71.28 | -1.69% | $16.9 billion |
| 10 | ZEC | 920.04 | -3.52% | $15.0 billion |
Ranking and data source: CoinPaprika (excluding stETH and other staked/wrapped derivative tokens). Data as of 2026-11-13 23:16 UTC; the top ten are consistent with the CoinMarketCap homepage. Rankings may have changed amid the sharp volatility.
Analyst's View
- This decline is a deleveraging eventLaevitas Head of Markets Rick Maeda pointed out that this sharp drop was mainly a leverage event, with more than $600 million liquidated within four hours and over $1.3 billion within 24 hours. The risk is that if spot buying remains insufficient after leveraged positions are flushed out, prices may continue searching for a bottom.
- Market betting on a December rate hikeBTSE Chief Operating Officer Jeff Mei believes the market has already priced in a Federal Reserve rate hike in December. The focus now is whether the hike will be 50 basis points rather than 25 basis points. The risk is that if the data weakens and rate-hike expectations retreat, the current bearish pricing could be quickly reversed.
- Long-term inflation may strengthen the anti-inflation narrativeViaBTC Chief Analyst Jeff Ko said that persistent inflation could, over the long term, strengthen BTC’s anti-inflationary attributes. Attention will turn to the PCE data in late November and the December 9 FOMC dot plot. The risk is that, in the short term, high interest rates and a stronger U.S. dollar may suppress risk assets before this logic materializes.
The views above come from a third party (source:The Block) and do not represent Hotcoin’s position.
Key News Briefing
- BTC fell below $69,000, down approximately 7% over 24 hours, touching its lowest level since August 20. Approximately $1.47 billion in positions were liquidated across the network (source:The Block). After the concentrated liquidation of long positions, short-term volatility may remain elevated.
- Nvidia CEO Jensen Huang resigned, with Colette Kress appointed interim CEO. The company has begun a formal search for a permanent successor (sources:Nexo, The Block). The sudden change in the leadership of an AI heavyweight has hit risk appetite for tech stocks and spilled over into crypto markets through the linkage with U.S. equities.
- The U.S. October PPI rose 0.3% month over month (expected: +0.4%) and 6.5% year over year (expected: 6.6%), the highest in nearly four years (source:StockTitan). Although the monthly increase was slightly below expectations, the elevated annual rate continues to support expectations of a Federal Reserve rate hike in December.
| Time (UTC) | Event | Expected | Previous |
|---|---|---|---|
| 11/14–11/15 | Weekend: No high-impact data releases are scheduled for the United States, eurozone, Japan, or China | — | — |
| 11/16 13:30 (preview for next Monday) | U.S. November Empire State Manufacturing Index | 19 | 25.5 |
- DTCC plans to connect its tokenization services to the Solana network, with integration targeted for completion in the second half of 2027 (source:Altcoin Buzz). A traditional clearing giant’s choice of a public blockchain is a medium- to long-term positive for the Solana ecosystem’s institutional narrative.
- JPMorgan’s third-quarter 13F shows that its combined positions related to spot BTC ETFs, Strategy, and Coinbase totaled approximately $981 million, including about $540 million in IBIT (source:Decrypt). The data is a September 30 snapshot and may include hedging or client-service positions, so it should not be interpreted directly as a bullish signal.
Today’s Focus
The above covers Saturday, 11/14, and Sunday, 11/15. There are no major macroeconomic data releases over the weekend; Monday’s New York Fed Manufacturing Index source:CalculatedRisk Economic Weekly. Released yesterday: U.S. October PPI rose 0.3% month over month (forecast: +0.4%) and 6.5% year over year (forecast: 6.6%); core PPI rose 0.3% month over month (forecast: +0.3%) (source:StockTitan citing the BLS).
FAQ
What is the BTC price today? BTC is trading at $67,934.63 (-4.68% over 24 hours) (data as of 2026-11-13 23:16 UTC, source: CoinPaprika).
Why is Bitcoin down today? The departure of NVIDIA CEO Jensen Huang sent shockwaves through tech stocks. Combined with the PPI’s year-over-year rate reaching a nearly four-year high and rising expectations of a Fed rate hike in December, this triggered approximately $1.47 billion in leveraged liquidations, mainly affecting long positions; continued ETF outflows also weakened buying support.
What is the current market sentiment? The Fear & Greed Index stands at 20/100 (Extreme Fear), down 8 points from 28 (Fear) the previous day.
How are BTC spot ETF flows? On 11/12, net outflows totaled $284 million, marking the sixth consecutive day of outflows and narrowing slightly from the previous day’s $300 million. Cumulative net outflows over the six-day period reached $1.722 billion, while the cumulative total for the past five trading days was -$1.292 billion. No verified source for the 11/13 data had been found at the time of writing.
Risk Disclaimer: This article is solely a compilation of market information and does not constitute investment advice; digital asset prices are highly volatile, so please carefully assess your own risk tolerance.
Related Reading:
- Crypto Daily｜ETF outflows hit $1.44 billion over five consecutive days, $656 million in long positions liquidated, BTC falls below $72,000 to a 12-week low (11/13)
- Crypto Daily｜ETF outflows continue for a fourth consecutive day, MSCI removes Strategy, BTC holds near $74,000, Fear & Greed Index at 28 (11/12)
