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BITCOIN SLIDES TOWARD $62K AS CRYPTO SELLOFF DEEPENS: What’s Driving the Market?

The cryptocurrency market is experiencing another wave of selling pressure.

On November 15, Bitcoin briefly dropped toward the $62,000–$63,000 range, reaching its weakest levels since July before recovering some losses. Ethereum also suffered a sharp decline, losing nearly 20% over the week.

What Happened?

The selloff reflects a combination of macroeconomic pressure and weakening investor demand.

Three major factors stand out:

* Stronger US Dollar: A stronger dollar and rising Treasury yields are putting pre
BTC-0.67%
ETH-1.26%
The US Stock Market waiting for the Monday open.
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$SOL Currently at 71.54, down 3.53% over 24H (range: 67.41–74.32). The 1H trend is weak, with an RSI of 69; the 4H trend is weak, with an RSI of 29. If it breaks above 73.95 decisively, watch for further upside; if it falls below the 67.41 support level, the short-term structure may weaken. The market is volatile; for observation only.
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SOL-0.77%
$BTW The data looks off. It’s down 18.87% in 24 hours, with a low of 0.5615 nearly matching the current price of 0.5675, yet trading volume hit 45.3M—this is a high-volume breakdown, not the kind of volume you see in a shakeout.
Three possibilities: first, someone is front-running news; the drop from 0.78 to 0.56 was too straight, like forced liquidations. Second, market makers pulled liquidity, and once the order book thinned out, a few large orders were enough to drive the price through support. Third, there really is bad news that hasn’t surfaced yet, and smart money is getting out first. W
BTW-7.42%
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bitcoin:native When Bitcoin went from 61,000 to 65,000 today, I really thought the bear market was over and a recovery was beginning!

But these two drops completely proved me wrong, especially the second one. Selling pressure was clearly too strong, and fear is still dominating in the short term!
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BTC-0.67%
I just reviewed $BTC HTF SMC structure, and I'm a bit confused about my own interpretation. Here's how I'm looking at it.
Current HH: $87,385
Last HL: $57,758 (BOS level)
Until #BTC reclaims $87,385 with a strong HTF candle close, I don't see a confirmed bullish CHoCH. The bearish structure remains intact.
If BTC gets an HTF close below $57,758, we could see further downside towards $50K–$45K, potentially forming a new LL.
Before that, BTC may bounce towards $71K–$81,370, where HTF Bearish OB + FVG supply sits.
Personally, I don't see a reason to open positions right now without confirmation.
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BTC-0.67%
#ShareWeekly #ETH #WCTCS9

The Ethereum market is facing another important development as the Ethereum Foundation reportedly sells an additional 2,500 ETH, bringing its total sales to 7,500 ETH over just four days. This continued selling activity has attracted attention across the crypto community, particularly at a time when market participants are closely monitoring Ethereum’s price stability, institutional activity, and broader market sentiment.

The latest transaction raises an important question: should investors interpret these sales as a warning sign for Ethereum, or is this simply par
ETH-1.26%
🚨 $TAC INTRADAY DUMP ALERT — BEARS ARE WATCHING! 📉

The interesting part of $TAC isn't just the potential downside; it's how price reacts when it reaches the supply zone.

If buyers fail to push above resistance and sellers step in with a strong rejection, trapped longs could add pressure to the downside. But remember, a supply-zone touch alone doesn't confirm a reversal.

🔻 SHORT SETUP — WATCHLIST

📍 Entry Zone: 0.001340–0.001420
📍 DCA Watch: Wick above 0.0014780
🎯 TP1: 0.001250
🎯 TP2: 0.001170
🎯 TP3: 0.001100
🎯 TP4: 0.001020

🛑 STOP LOSS / INVALIDATION:
Candle close above 0.001525.
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TAC-2.72%
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In less than 15 minutes, we shall see if @appmyage will pull a surprise 😮 or a shocker 🤔
Please how much is 500 $GRAM worth?
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GRAM-0.97%
📉 Bitcoin's recent selling pressure has one noteworthy source: some companies that used to mine Bitcoin are turning their holdings into cash to repay debt or invest in data centers.
MARA is a major example.
According to the company's Q3 shareholder letter published on November 9, from the end of September until before earnings were announced, MARA sold 13,597 Bitcoin, raising approximately $1.1 billion at an average sale price of approximately $81,039 per coin.
This amount is equivalent to about 40% of the 34,012 Bitcoin it held at the end of September.
💰 What was the money used for?
$750 mi
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BTC-0.67%
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IREN-6.77%
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We appreciate you, Mr. Crypto President! 😂
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Most people treat investing as a prediction contest. The real edge is buying with a margin of safety large enough that being wrong still leaves you intact. Graham’s core idea was never “be right more often” – it was “be wrong without going broke.” That buffer is what separates long-term survival from clever blow-ups.
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Dark princess live about solena market
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LIVE2,411
🚨 OVER 150,000 SIGN PETITION TO BRING BACK NVIDIA CEO JENSEN HUANG!
↳ 150,582 total supporters, including @elonmusk
↳ 79,963 shareholders
↳ 7,367 current @nvidia employees
↳ 1,380 former employees
Massive support for Jensen Huang!
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NVDA-1.92%
Whales Moves In Sync!
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LIVE2,905
🏆 Gate Square Content Mining | Top 20 Quality Content Engagement Rewards Revealed
The Top 20 creators for November 2–November 8 have been announced. Congratulations to all the creators on the list.

💰 Post quality content to earn extra USDT rewards
Publish high-quality original content, share valuable market insights, and actively engage with the community for a chance to receive extra USDT rewards from the platform.

🚀 Join Gate Square and make every piece of quality content valuable

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GateSquare
🏆 Gate Square Content Mining | Top 20 Quality Content Engagement Rewards Revealed
The Top 20 creators for November 2–November 8 have been announced. Congratulations to all the creators on the list.
💰 Post quality content to earn extra USDT rewards
Publish high-quality original content, share valuable market insights, and actively engage with the community for a chance to receive extra USDT rewards from the platform.
🚀 Join Gate Square and make every piece of quality content valuable
📝 Post now: https://www.gate.com/post
📋 Event details: https://www.gate.com/announcements/article/102544
#内容挖矿
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Sunday, November 15.

Don't be afraid to change what no longer serves you. Growing also means acknowledging your own mistakes, reconsidering your choices, and understanding that some behaviors need to change. You don't need to have all the answers today. You just need the willingness to learn and the courage to do better every day.
$XRP ‌
XRP-1.15%
I went long on BTC at 646 and set a stop-loss. Either I make a profit or take a hit!

$BTC
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$ARIA Keep adding to your short! The higher it pumps, the harder it falls! This price action is about to crash! Target: 0.2. If you’re not in a position, short at market price! Join the bears!
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ARIA+22.03%
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