On the night of November 13–14, 2025, the cryptocurrency market experienced a significant correction. Bitcoin briefly fell below $100,000, hitting a local low of under $96,000, sparking panic among traders and triggering widespread liquidations.
Altcoins Also Take a Hit
The decline was not limited to Bitcoin. Among the top 15 cryptocurrencies by market capitalization, daily losses ranged from 2% to 9.6%, according to CoinMarketCap data.
Liquidations Surge to $1.1 Billion
The sharp market movement caused substantial liquidations across futures markets. Over the past 24 hours, positions worth $1.1 billion were forcibly closed, as reported by CoinGlass. The bulk of losses fell on Bitcoin, totaling nearly $508 million.
Ethereum ranked second with liquidations of $268.7 million, followed by Solana at $69.9 million.
Of the total $1.1 billion liquidated, $969 million came from long positions, while shorts accounted for $128.2 million. In total, 245,756 traders were affected.
The single largest liquidation occurred on the HTX exchange, where a trader lost a position worth $44.3 million.
External Factors Influencing the Market
Analysts suggest that the market correction followed remarks by U.S. officials announcing a major military operation in Venezuela targeting drug trafficking.
Earlier reports indicated that Taiwan’s authorities are exploring the potential inclusion of Bitcoin in official reserves, adding further geopolitical context to market sentiment.
