The cryptocurrency market experienced a sharp selloff over the weekend, shedding more than $130 billion since Friday as major digital assets breached key support levels. By Sunday, November 15, 2026, the market's aggregate valuation had retreated to $2.19 trillion, extending losses that began in early November.
Bitcoin tumbled to an intraday low of $61,947 on Bitstamp before recovering toward the mid-$64,000 range, leaving the leading cryptocurrency down 14.5% over the past seven days. XRP experienced an equally significant breakdown, slipping beneath the $1 psychological threshold to touch an intraday low of $0.8922 before rebounding to $0.95 by Sunday morning.
Broad Altcoin Weakness
The seven-day decline extended across most major cryptocurrencies. Zcash suffered the steepest weekly loss at 29.7%, followed by Solana at 19.8%, Ethereum at 19%, XRP at 17.4%, and BNB at 15.1%. Among other altcoins, Uniswap fell 26.66%, Aerodrome Finance dropped 26.47%, and Holo declined 24.33%. Tron proved comparatively resilient, declining just 4.4%.
Massive Liquidations and Extreme Fear
Leveraged traders absorbed significant losses as $1.71 billion in liquidations occurred over 24 hours, affecting 260,271 traders. Long positions accounted for $1.37 billion of the total, or 80.2%, compared with $338.09 million in short liquidations.
Bitcoin derivatives alone saw approximately $690 million in liquidations, while Ethereum positions accounted for $400.35 million. Hyperliquid recorded $79.69 million in liquidations, Solana $75.45 million, and XRP $43.88 million. The largest single liquidation involved a $16.17 million Ethereum long position on Binance.
The Crypto Fear & Greed Index deteriorated to 10, firmly within extreme fear territory, down from 13 the previous day and 20 earlier in the week.
Institutional Outflows and Stablecoin Withdrawal
U.S. spot Bitcoin exchange-traded funds registered $2.97 billion in net outflows across 12 trading sessions from October 29 through November 13, with only two sessions recording positive flows. November alone accounted for $2.35 billion in withdrawals, including $1.07 billion during the latest five-day trading week.
Net assets held by U.S. spot Bitcoin ETFs contracted from $104.27 billion on October 29 to $86.20 billion on November 13, representing an $18.07 billion reduction of approximately 17.33%.
The stablecoin sector also contracted, shedding $26.15 billion since its May peak of $311 billion. The sector's capitalization stood at $284.85 billion, reflecting a 5.36% decline over the previous 30 days. Tether and Circle's stablecoins collectively accounted for $244.42 billion, with both recording monthly contractions approaching 5%.
