Bitcoin USD price extended its decline on November 14, falling to approximately $67,235 as renewed selling pressure pushed the cryptocurrency further below its 200-day moving average. The latest downturn has weakened Bitcoin’s technical outlook, while sustained withdrawals from US spot Bitcoin exchange-traded funds (ETFs) have added to concerns about institutional demand.
According to CoinGlass market data, Bitcoin was trading near $67,234.60 at 15:19 UTC+8 on November 14, down approximately 2.62% over 24 hours. The cryptocurrency had also lost around 11.24% over the previous seven days, with its intraday trading range extending from approximately $66,427 to $70,188.
The latest decline follows several consecutive sessions of weakness. Bitcoin’s market capitalization stood at approximately $1.35 trillion, while its circulating supply remained near 20.11 million BTC. The figures highlight the scale of the correction as the world’s largest cryptocurrency faces pressure across spot and derivatives markets.
Bitcoin Price Breaks Below 200-Day Moving Average
Bitcoin’s decline below its 200-day simple moving average has become a major concern for technical traders. The long-term indicator stood near $73,067 based on November 13 closing data, leaving BTC trading approximately 7% below that level.
A sustained move below the 200-day average can signal weakening long-term momentum, although the indicator alone does not determine the market’s next direction.
Traders are now monitoring the $68,000 region and the recent intraday low near $66,400 for signs of potential stabilization. A continued decline below these areas could expose Bitcoin to further selling pressure.
On the upside, recovering the $70,000 level would be an early sign of improving short-term price momentum. A stronger recovery toward $73,000 would be necessary to bring the 200-day moving average back into focus as a potential support level.
However, technical support levels are not guaranteed price floors. Market conditions can change quickly as liquidity, derivatives positioning, and investor demand evolve.
US Spot Bitcoin ETF Outflows Add to Selling Pressure
Institutional investment flows have provided another indication of weakening demand.
US spot Bitcoin ETFs recorded approximately $185.4 million in combined net outflows on November 13, according to reported fund-flow data. The withdrawals extended a seven-session outflow streak.
For the five trading sessions between November 9 and November 13, combined net outflows reached approximately $1.065 billion.
BlackRock’s iShares Bitcoin Trust (IBIT) recorded the largest reported outflow on November 13, at approximately $143.5 million. Fidelity’s Wise Origin Bitcoin Fund (FBTC) registered another $41.9 million in withdrawals.
Persistent ETF outflows can indicate reduced investor demand for regulated Bitcoin investment products. They may also contribute to weaker sentiment when they occur alongside declining spot prices.
Nevertheless, ETF flows should be assessed over multiple sessions rather than treated as a standalone indicator of future price direction.
Bitcoin Derivatives Liquidations Reflect Market Stress
The decline has also affected leveraged cryptocurrency positions.
CoinGlass data showed approximately $283.96 million in Bitcoin futures liquidations over the 24 hours covered by its November 14 market snapshot. Long positions accounted for approximately $245.33 million, compared with $38.63 million in short liquidations.
The imbalance indicates that bullish leveraged traders experienced most of the forced position closures during the period.
Liquidations can intensify short-term price movements when exchanges automatically close positions that no longer meet margin requirements. However, liquidation figures represent derivatives activity and should not be confused with spot-market selling volume.
Bitcoin futures open interest also declined, indicating a reduction in outstanding leveraged contracts during the sell-off.
Bearish Technical Indicators Keep Traders Cautious
Bitcoin’s position below its major moving averages has reinforced concerns about the current market structure.
Technical indicators published for November 14 showed Bitcoin trading below its 20-day, 50-day, and 200-day simple moving averages. The relative strength index (RSI) also moved into oversold territory on some daily technical readings.
An oversold RSI can indicate that selling momentum has become unusually strong over a short period. It does not necessarily mean that a price recovery is imminent.
For market participants, the immediate question is whether Bitcoin can stabilize around recent trading lows or whether further selling will extend the correction.
A recovery above $70,000 could improve short-term sentiment. However, the broader technical picture would remain under pressure while BTC trades below its 200-day moving average near $73,000.
Bitcoin Network Activity Continues Despite Price Weakness
The decline in Bitcoin’s market value does not necessarily indicate a corresponding decline in blockchain usage.
CoinGlass on-chain data recorded approximately 1.15 million BTC in total transfer volume on November 12. This represents the aggregate value of Bitcoin transferred through recorded on-chain transactions during the measurement period.
Transfer volume and exchange trading volume measure different types of activity. On-chain transfers can include movements between wallets and other blockchain transactions, rather than transactions executed on cryptocurrency exchanges.
Bitcoin’s circulating supply remained approximately 20.11 million BTC, representing around 95.8% of its maximum supply of 21 million coins.
This limited issuance schedule remains one of Bitcoin’s defining monetary characteristics, although scarcity alone does not prevent significant market-price declines.
What Could Happen to Bitcoin USD Price Next?
Bitcoin’s near-term direction will depend on whether buyers can absorb selling pressure and restore confidence around important technical levels.
The $66,400–$68,000 area is an important zone to monitor following the latest decline. A sustained move below recent lows could expose the market to additional downside risk, while a recovery above $70,000 may offer an initial indication of improving demand.
The 200-day moving average near $73,000 remains a more significant technical level for assessing whether Bitcoin can regain its longer-term trend.
Investors will also be watching US spot Bitcoin ETF flows, Federal Reserve policy expectations, inflation developments, and broader financial-market liquidity for signs of changing risk appetite.
Bitcoin previously reached an all-time high of approximately $126,198 on October 6, 2025, according to historical price data. Its current trading level represents a substantial correction from that record.
For now, the combination of negative ETF flows, leveraged long liquidations, and a break below the 200-day moving average suggests that Bitcoin remains under considerable market pressure. Whether the decline develops into a deeper correction or creates conditions for a recovery will depend on incoming demand and the market’s ability to reclaim important price levels.
Market data note: Price, derivatives, and ETF figures reflect their respective reported measurement times. Cryptocurrency prices and market indicators change continuously. This article is for informational purposes and does not constitute investment advice.
Explore breaking cryptocurrency news, on-chain data, and digital asset insights at The Market Express Crypto Hub.