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BTC.TOP founder sells all small-cap DeFi tokens amid Bitcoin's sharp drop below key support levels.

Market News
15 Nov 2026, 14:53 WIB
The Currency Analytics
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Bearish
BTC.TOP founder sells all small-cap DeFi tokens amid Bitcoin's sharp drop below key support levels.

Jiang Zhuoer, founder of the BTC.TOP mining pool, sold all his small-cap DeFi tokens after Bitcoin fell below critical support levels, hitting an intraday low of $62,081 on November 15. Despite manageable losses, the rapid market decline surprised him, prompting a temporary break from active trading. Zhuoer’s remaining portfolio is hedged with long positions in Bitcoin and Ethereum and a short position in Bitcoin to protect against further volatility. The broader crypto market saw heavy liquidations totaling nearly $2 billion and significant outflows from Bitcoin ETFs, signaling heightened market stress and uncertainty about the causes behind institutional selling pressure.

Bitcoin's market cap on Pluang stands at Rp24.011,78 trillion as of Nov 15, 2026 20:21 WIB, with a 24-hour trading volume nearing Rp997,56 trillion. Despite the article noting Bitcoin's intraday low of $62,081, on Pluang BTC is priced at Rp1.198.724.171, down 1.64% over the day. Ethereum also shows a decline of 2.74%, trading at Rp33.543.140 with a market cap of Rp4.077,06 trillion, reflecting ongoing volatility in major cryptocurrencies.

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