The crypto market lost $330 million in trading positions in just two hours between November 13 and 14, 2026. Of that total, $250 million was wiped out in a ten-minute flash. The sudden wave of liquidations accompanied Bitcoin’s drop below the psychological $67,000 level. The downturn also dragged down other major assets: Ethereum (ETH) dropped below $1,900, Solana (SOL) fell below $75, and XRP slid under $1.00.
This synchronized pullback highlights a swift rotation of capital out of crypto exchanges, driven by large investors withdrawing cash to chase allocations in equity markets.
When Liquidity Gets Drained into AI Stocks
Xapo Bank CEO Seamus Rocca noted that the selling pressure hitting the crypto market was partly triggered by the opening of the order book for Anthropic’s initial public offering. The artificial intelligence firm’s debut offering sparked an intense scramble for large capital allocations among institutional investors. Reports from Reuters and Bloomberg indicated that demand for Anthropic shares was six times oversubscribed.
Rocca compared this capital withdrawal dynamic to the SpaceX IPO phenomenon in June 2026. During that period, institutional investors drained liquidity from liquid market assets like Bitcoin to fund large-scale equity commitments. A similar pattern is repeating now, as crypto assets are liquidated once again to secure share allocations outside the digital asset market.
Why This Drop Is More Measured
Despite hundreds of millions of dollars in liquidations within a short window, the scale of Bitcoin’s price correction leading up to Anthropic’s listing is viewed differently from previous turmoil. Market analyst Crypto Rover noted that Bitcoin’s pullback ahead of the Anthropic IPO was around 16%. This decline is relatively more measured compared to the sell-off leading into the SpaceX IPO in June 2026, which dragged Bitcoin down by nearly 29%.
Interest Rate Test from the San Francisco Forum
Pressure on the crypto market was compounded by macroeconomic uncertainty from the U.S. Federal Reserve. Fed Chair Kevin Warsh has scheduled a public forum on November 16 in San Francisco. The in-person meeting is designed to address a sensitive issue for financial markets: how the inflationary impact of massive artificial intelligence infrastructure spending will influence the direction of benchmark interest rates.
For market participants and crypto portfolio holders, the speed of $250 million in liquidations in ten minutes underscores the risks when large investors shift liquidity simultaneously. Facing Kevin Warsh’s interest rate agenda in San Francisco and the ongoing Anthropic stock rush continuing to absorb capital, maintaining defensive positioning appears far more sensible than chasing price rebounds in a liquidity-thinned market.
Reported by crypto.news.
Read also: How to Read Candlesticks for Beginners
Previously: Bitcoin Breaks Below $70,000 Liquidating 151,000 Traders - 96% of Liquidations Hit Long Positions
Disclaimer: This article is for informational and educational purposes only, not financial advice. Cryptocurrency assets are highly volatile and carry significant risk. Always do your own research (DYOR) and never invest more than you can afford to lose.
