Bitcoin Slips Below $65K as Binance Leverage and Liquidations Unwind

Bitcoin traded at $64,104, down 6.18% over 24 hours and 15.27% over seven days, as the broader crypto market moved lower. The total crypto market capitalization stood at $2.23T, and the Fear & Greed index registered 10, categorized as extreme fear. The live price is now below the $66,000 area highlighted during the earlier decline. CoinEdition reported that Bitcoin had fallen to $66,000 amid heavy forced selling from traders positioned for higher prices. It also said open-interest levels on Binance were at their lowest since August 18, describing the reading as a three-month low. Lower open interest means fewer leveraged positions remain exposed to rapid losses or liquidations at the same time. CryptoSlate likewise focused on the $66,000 threshold, citing CoinGecko data that placed Bitcoin near $65,500 on the afternoon of Nov. 14. The outlet also cited Newhedge records showing long-liquidation events below $66,000. CoinEdition and CryptoSlate both identify $64,000 as the downside level under scrutiny in their coverage, while their supporting observations differ slightly in timing and measurement. The decline occurred against a broadly weaker market backdrop rather than in isolation. Bitcoin’s $1.29T market capitalization remains dominant within a total crypto market worth $2.23T, while its 6.18% daily loss and 15.27% weekly fall show that the selling pressure has extended beyond a brief intraday move. The immediate significance lies in the simultaneous price decline, forced liquidations and retreat in Binance open interest. The contraction in leveraged exposure reduces the number of positions vulnerable to sudden losses, while the extreme-fear reading and broad market decline show continued stress. The $64,000 marker is therefore the principal downside reference in the current setup, alongside the $66,000 liquidation area.