Bitcoin fell below $96,000 for the first time since May 2025, triggering heightened market volatility and a spike in liquidations. Although the cryptocurrency later rebounded to around $97,000, the sudden drop sent shockwaves across the top digital assets.
BTC Price Action and Market Impact
In the early hours of November 14, 2025, Bitcoin briefly slipped below the $96,000 mark, marking a six-month low. Following the dip, the asset recovered to $97,000, but the correction coincided with a surge in liquidation volume surpassing $1.1 billion, according to CoinGlass.
The price movement also affected other major cryptocurrencies. Top-10 digital assets by market capitalization experienced declines similar to, or slightly exceeding, Bitcoin’s losses. Some assets fared slightly better than Bitcoin during this downturn.
Bitcoin Dominance and Market Sentiment
During the correction, Bitcoin’s market dominance initially rose to approximately 60.2%, before falling back to 59.7% the next morning.
Meanwhile, the crypto Fear & Greed Index plummeted to 15 points on November 13, 2025, entering the “extreme fear” zone. This level has not been seen since March 2025, reflecting heightened investor anxiety.
Liquidations Surge on Futures Market
The sharp decline in BTC prices also triggered heavy liquidations in futures contracts, totaling $1.1 billion in a single day, underscoring increased market stress and leveraged trading risks.
External Factors and Broader Context
The crypto market sell-off coincides with geopolitical developments, notably U.S. Secretary of Defense Pete Hegseth’s announcement of a major military operation in Venezuela aimed at combating drug trafficking.
Experts previously shared mixed opinions on whether this pullback is a typical correction within a broader bullish trend or a potential precursor to a longer-term downturn.
