Crypto

Bitcoin Slips Under Sixty Five Thousand as the Network Answers With Its Deepest Difficulty Cut Since June

By Crypt0 · Nov 14, 2026

Saturday gave the market its clearest stress test yet, and the machinery answered in public. Bitcoin touched 64,999 dollars on Kraken in the morning hours, its lowest print since August 19, while Ether fell to about 1,808 dollars, its lowest since July, Solana sank to about 71 dollars and 84 cents, and XRP slipped under 1 dollar. The slide arrived with force. About 1.01 billion dollars in leveraged positions closed in 24 hours, with 93 percent of them bets on rising prices, touching more than 195,000 traders. The numbers look sharp on a chart. The story underneath them is steadier and more useful. A market that clears a billion dollars of leverage in a day and keeps trading smoothly is a market with working pipes, and the builders kept shipping straight through the red candles.

The pressure came from Washington. October producer prices rose 6.5 percent over 12 months, the largest annual increase since November 2022, the Bureau of Labor Statistics said November 13. October consumer prices rose 0.4 percent, above forecasts. Traders repriced December at once. The CME FedWatch Tool showed an 89.7 percent chance of a quarter point hike on December 9, with a 10.3 percent chance of a half point move, which means traders now expect some kind of hike. The 10 year Treasury yield closed at 5.15 percent on November 13. Federal Reserve Governor Christopher Waller said November 10 that he leans toward a 25 basis point hike in December. The Federal Open Market Committee meets December 8 and 9. Higher yields lift the return investors give up by holding assets that pay zero yield, and Bitcoin felt that pull all week.

Institutional money kept walking out the door. United States spot Bitcoin ETFs recorded outflows for a seventh straight trading day, totaling about 1.91 billion dollars since November 5, with 185.4 million dollars leaving on Friday November 13 alone. Spot Ether ETFs saw about 399 million dollars in outflows for the week, with BlackRock ETHA accounting for about 311 million dollars, before a small 2.3 million dollar inflow on Friday ended six straight sessions of selling. The Crypto Fear and Greed Index sat at 13 on Saturday, labeled Extreme Fear, down from 20 on Friday and 28 on Thursday. The flow picture is plain. Big money paused, and the pause is measurable, which makes a turn back to inflows easy to spot when it arrives.

While prices fell, the network did what it always does. It adjusted. Bitcoin mining difficulty printed a 9.13 percent cut at 0502 UTC on Saturday, falling to 134.82 trillion, the deepest cut since June, at height 975,744, per mempool.space. Daily hashrate slid from 982 exahashes per second on November 12 to 901 on November 13 and 811 for the partial day on November 14. A cut that size lifts revenue per unit of hashrate by about 10 percent at a flat price, and the 8 percent slide in Bitcoin over two days ate most of that relief. Fleets sit near breakeven around 32 dollars per petahash per day, and hashrate still falling after a cut points to machines going offline rather than unlucky timing. The next retarget lands around November 29, with an early estimate near a 6.15 percent cut. The protocol keeps its own books, on schedule, whatever the tape says.

Ethereum told the same two sided story. Ether traded near 1,900 dollars on Saturday, its first print under 2,000 dollars since August 19, and Token Terminal data puts the staking rate at 36.3 percent of total supply, an all time high. More than a third of all ether now sits locked with validators, earning rewards for securing the network, while the liquid supply takes the selling. A wallet linked to the Ethereum Foundation sold another 1,000 ether on Saturday, bringing five day disposals to 5,000 ether, worth roughly 9.92 million dollars. On the other side of the tape, buyers stepped in. Whale address 0x4cee bought 10,380 ether for about 19.91 million dollars, and the whale entity 7 Siblings bought 9,766 ether at an average price of 1,933 dollars. Sellers sold, stakers staked, buyers bought, and the ledger recorded every move.

Lending kept growing through the slide. Aave V4 deposits on Avalanche reached 230 million dollars gross at the November 13 close, up 306 percent from 56.7 million dollars on October 28, per DefiLlama. Aave V3 on Avalanche shrank by 43.5 million dollars over the same span, so V4 is pulling in mostly fresh money rather than migrating old balances. Avalanche chain TVL closed November 13 at 602.49 million dollars, and decentralized exchange volume on the chain ran 90.66 million dollars over 24 hours. Builders build in every tape, and the tape this week gave them a live test of demand.

What it means for readers. Watch the Sunday weekly close and whether 65,000 dollars holds. Watch spot ETF flows when United States markets reopen on Monday November 16. Watch the Federal Open Market Committee minutes on Wednesday and Nvidia earnings on Tuesday, the first print since Jensen Huang stepped down as chief executive. The market just proved it can clear a billion dollars of leverage in a day and keep its pipes open. The network just proved it adjusts on schedule. Prices move. The machinery holds.

Sources

• The Crypto Times, Bitcoin Slides to 67K as 1.26B Crypto Liquidations Hit Longs
• PlainBTC, Ether Solana and XRP Lead Selloff as Bitcoin Hits 65000
• KWIZERANA Intelligence, Daily Crypto DeFi and VC Brief November 14
• WalletInvestor, Ethereum Staking Hits a Record 36.3 Percent of Supply

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