Bitcoin fell below $62,000 during Sunday trading as a weekend cryptocurrency selloff accelerated and exchanges closed heavily leveraged positions. Trading continued around the clock while most traditional markets were closed. CoinGlass's in-progress daily data recorded a low of $61,956.30 on November 15, while Bloomberg-distributed market reporting cited a low of $62,112 on its feed. Both measures place the move at Bitcoin's weakest level since mid-July. The difference reflects the use of separate indexes, venues and observation times rather than a contradiction about the direction or scale of the decline.

The decline extended across major crypto assets

Bitcoin lost 5.7% during the U.S. session on Saturday and fell a further 3.6% in Asian trading on Sunday, according to reporting carried by The Business Times. Ether also dropped to about $1,711, its lowest level since July 8. CoinGlass showed Bitcoin recovering above $64,000 later in the session, and CoinGecko's November 15 reading was also near that level. Those later prices do not erase the intraday low, but they show why a live market move should not be treated as a final daily close.

Related reporting: Bitcoin and Ether Hit Two-Month Lows in Sunday Selloff

Leveraged long positions absorbed most of the losses

Exchanges tracked by CoinGlass recorded about $2 billion of cryptocurrency liquidations in the 24 hours through 9 a.m. Singapore time, The Business Times reported. Bitcoin positions accounted for roughly $774 million and Ether positions for about $488 million, with long positions representing the large majority of forced closures. A liquidation occurs when an exchange closes a leveraged position after losses reduce the trader's collateral below required levels. Forced selling can deepen a fast decline, although aggregate liquidation feeds may vary by venue coverage and reporting frequency.

The market was already under pressure

The weekend move followed a broader retreat that had reduced Bitcoin by about 25% since October 21. U.S.-listed spot Bitcoin exchange-traded funds recorded almost $3 billion in net outflows from October 30 through November 13, according to the same market report. Expectations of higher U.S. interest rates, weaker demand for risk assets and fallout from the recent Binance security breach were among the pressures cited by market participants. Those factors occurred alongside the selloff, but available data does not isolate a single cause for the intraday break.

A technical threshold added to volatility

Bitcoin had previously broken below its 200-day moving average near $73,000. Market makers cited in independent reporting said that breach encouraged new short positions and contributed to liquidations, an interpretation rather than a confirmed mechanical cause. The November 15 move also extends the market deterioration reported a week earlier, when Bitcoin and Ether reached two-month lows. This is a distinct development because Bitcoin subsequently traded roughly $12,000 lower and printed its weakest level in four months.

The year's low remains below the weekend trough

Despite the severity of the decline, Bitcoin remained above its 2026 low of $57,742, reached on July 1. The rebound above $64,000 during Sunday trading illustrates how quickly prices can shift when weekend liquidity is thinner and leveraged positions are being closed. It does not establish that the market has found a floor, and the liquidation totals do not predict the next move. The verified conclusion is narrower: Bitcoin set a new four-month intraday low while a large, long-heavy derivatives unwind spread across the crypto market.

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