Bitcoin Closes at $64,150 on Nov. 14 Amid Prolonged Losing Streak
Key Facts
Bitcoin closed at $64,150 on Nov. 14, according to EL7 data, while an Investing.com report that day said the cryptocurrency had fallen below $64,000 during Saturday trading. The decline extended to more than 20% since Oct. 21, putting the token on track for its sixth consecutive weekly loss. In a separate snapshot at 8:05 p.m. Eastern time, a brief TokenPost summary put the price at $63,211, down 7.32% over 24 hours. That snapshot differs from EL7’s daily close because it reflects a price reading at a specific time. The figures place Saturday’s move within a sustained selloff, while exchange-traded fund flows emerged as a parallel indicator of weakening institutional demand.
U.S. spot bitcoin funds recorded net outflows of $185.45 million on Friday, Nov. 13, according to data cited by Investing.com. The outflow streak extended to 7 consecutive trading sessions, with total outflows of about $1.91 billion over the 7 sessions since Nov. 5. The figures reflect money leaving the funds during that period and provide context on demand for investment products linked to bitcoin. On their own, however, they do not identify the cause of Saturday’s price decline. The fund outflows followed a drop of more than 20% since Oct. 21, according to Investing.com’s coverage on Nov. 14. Price weakness therefore coincided with continued withdrawals, though that does not establish a causal link between them.
In derivatives markets, cryptocurrency platforms liquidated positions worth $1.47 billion over 24 hours through Nov. 14, according to Investing.com. The liquidations included $1.31 billion in bets on a market rise, while bitcoin accounted for about $677 million. The figures indicate that leveraged positions were closed during the downturn, with the bulk of recorded losses concentrated in bullish bets. The liquidations came alongside withdrawals from spot bitcoin funds, as the asset fell more than 20% since late October. Bitcoin had posted a weekly decline of 10.2% in the week ended Nov. 13, its weakest weekly performance since early June, according to another Investing.com report.
The pressure also included U.S. inflation data for October: the headline consumer price index rose 0.4% month over month, compared with a 0.6% increase in September and expectations for a 0.3% rise. The core index also rose 0.3%, exceeding an estimate of 0.2%, according to Investing.com. On Oct. 28, the Federal Reserve left its target interest-rate range unchanged, and the statement was approved by a 10-to-2 majority. The two dissenting members favored a quarter-percentage-point rate increase. The October decision provides background on the monetary policy path as markets tracked expectations for tighter policy, but the decision itself does not indicate what the committee will decide at its next meeting.
Investing.com coverage on Nov. 13 noted pricing in the CME Group’s FedWatch tool that put the probability of a 25-basis-point rate increase in December at about 90%, and the probability of a 50-basis-point increase at about 10%. These are probabilities derived from market pricing as cited by the report, not a decision by the Federal Reserve. The Federal Open Market Committee’s next meeting is scheduled for Dec. 8 and 9, according to the Fed’s calendar. Separately, in the competition for liquidity, Reuters reported that Anthropic’s revenue reached $16.29 billion in the six months ended June 2026, compared with $1.16 billion in the same period of 2025.