Bitcoin drops below $70,000 as crypto liquidations top $1.6 billion
Bitcoin tumbled below the $70,000 mark to multi-month lows on Friday, November 13, 2026, sparking more than $1.6 billion in leveraged crypto liquidations across the market.
Bitcoin dropped sharply through the $70,000 psychological threshold early on November 13, 2026, eventually touching a low of $67,555 on Coinbase. The slide took the cryptocurrency to its lowest price since August, breaking below its November 2021 peak of $69,000 and putting its 200-week moving average under pressure.[1][4][7][11][13]
The rapid sell-off triggered an aggressive cascade of forced closures in derivatives markets. According to CoinGlass data reported by Unchained, approximately $1.65 billion in leveraged crypto positions were liquidated over a 24-hour period, with long bets accounting for nearly 89% of the total. Bitcoin positions made up roughly $919 million of the wipeouts, affecting more than 170,000 traders as the broader altcoin market sank. Ether tumbled below $2,000, while Solana breached the $80 level.[2][3][7][10][15][16]
Analysts pointed to a combination of macroeconomic headwinds and tech sector turmoil for the downturn. The U.S. dollar index surged past 103 and the 10-year Treasury yield climbed to 5.10% following hotter-than-expected October consumer price index inflation figures, which fueled fears of tighter interest rate policy. Outflows from spot Bitcoin exchange-traded funds also deepened selling pressure, with November redemptions reaching nearly $1.9 billion alongside equity market turbulence sparked by the sudden exit of Nvidia chief executive Jensen Huang.[2][6][7][8][12][15]
Key facts
- Bitcoin fell below $70,000 on November 13, 2026, reaching a multi-month low of $67,555 on Coinbase.
- Around $1.65 billion in crypto derivative positions were liquidated over 24 hours, with long trades making up 88.9% of the losses.
- Bitcoin liquidations accounted for $918.66 million of the 24-hour total, while Ether accounted for $287.68 million.
- Ether dropped below $2,000 and Solana fell below $80 amid broader altcoin losses.
- U.S. spot Bitcoin ETFs recorded net outflows of $1.88 billion in November through November 11, according to SoSoValue data.
- Macro pressures included the U.S. dollar index rising above 103 and the 10-year Treasury yield hitting 5.10% following a 0.4% rise in October CPI.
Sources · 15 sources
- CB
Crypto Banter@crypto_banterPost on X ·
🚨BITCOIN HITS $68,000, LOWEST LEVEL IN THREE MONTHS! bitcoin:native slides to $68,000, its lowest price since August and a 4.7% drop on the day. The move extends a multi-week decline that has wiped out gains from earlier in the fall as selling pressure builds across risk assets.
Open source - CO
CoinDesk@CoinDeskPost on X ·
DATA: $BTC slides to $68K, its lowest since August, as hot inflation data pushes Fed rate hike odds to 88% and Nvidia CEO Jensen Huang’s resignation sends tech stocks lower, triggering $1.64B in liquidations with $BTC ETFs seeing a sixth straight day of outflows. https://t.co/KzRu5M58xp
Open source - WG
Watcher.Guru@WatcherGuruPost on X ·
JUST IN: $500,000,000 liquidated from the crypto market in the past hour. $BTC falls under $69,000 $ETH falls under $1,950 $XRP falls under $1.01 $SOL falls under $80 https://t.co/7ziWkyNQkc
Open source - CR
Crypto Rover@cryptoroverPost on X ·
🚨 Bitcoin is now BACK at the 200-week moving average. This is one of the most important levels in Bitcoin’s entire history. And what happened at this level during previous market cycles is extremely interesting. Historically, the 200W moving average has acted as one of Bitcoin’s strongest long-term accumulation zones. Here’s what happened in previous cycles. • 2015: Bitcoin bottomed near the 200W moving average before entering a massive bull market. • 2018: Bitcoin found support around this level before eventually recovering and reaching new all-time highs. • 2020: Bitcoin briefly dropped below the 200W moving average during the COVID crash before starting its rally toward $69,000. • 2022: Bitcoin broke below the 200W moving average and spent months trading around and below it before recovering in 2023. And now, in 2026, Bitcoin is testing this historical level once again. But here’s what makes this so interesting. Every previous major bear market eventually created an enormous long-term buying opportunity around this indicator. That doesn’t mean Bitcoin cannot fall further. In fact, the 2022 bear market proved that Bitcoin can remain below the 200W moving average for an extended period. But historically, investors who accumulated Bitcoin around these levels and held through the following cycle were rewarded. And that’s why I’m watching this level so closely.
Open source - PM
Polymarket Money@PolymarketMoneyPost on X ·
BREAKING: $1,640,000,000.00 in crypto positions liquidated in 24 hours as Bitcoin hits a three-month low. Go long or short Bitcoin on Polymarket Perps: 🔗 https://t.co/3N34Lk6tag https://t.co/AV0CbtsmYd
Open source - BL
Bloomberg@businessPost on X ·
Bitcoin briefly fell below $70,000 to a fresh three-month low even as Asian stocks advanced, as rising bond yields hurt non-yielding assets such as cryptocurrencies https://t.co/eM43RsoRFd
Open source - UN
UnchainedArticle ·
Bitcoin Breaks Below $70,000 as Liquidations Sweep Through Leveraged Longs Bitcoin (BTC) fell below $70,000 late Thursday in the U.S. and kept sliding past midnight, touching $67,555 on Coinbase as forced selling swept through leveraged crypto positions. The first trade under $70,000 on Coinbase’s BTC-USD market came in the hour after 9 p.m. ET Thursday (02:00 UTC Friday), and the following hour closed below that level, according to Coinbase hourly price data. The low came in the hour starting at midnight ET. At 3:18 a.m. ET, bitcoin traded at $68,624 , down 6.7% over 24 hours and 9.4% over seven days, per CoinGecko data . That is about 15% below the roughly $80,760 it traded at on the afternoon of Oct. 29. Other major tokens also fell. Ether (ETH) dropped 5.7% in 24 hours to $1,931 and is down 13.1% on the week. Solana (SOL) lost 3.7% to $79.76, dogecoin (DOGE) about 4% and XRP 1.5%. Get Unchained’s crypto news in your inbox with the free Unchained Daily newsletter . Longs Take the Hit About $1.65 billion in leveraged positions were liquidated in the 24 hours to roughly 3:10 a.m. ET, CoinGlass data showed , and 88.9% of that came from traders betting on higher prices. $1.07 billion of the total hit in the last 12 hours of that window, which covers the U.S. evening and the break below $70,000. Bitcoin positions made up $918.66 million of the 24-hour total and ether $287.68 million. One bitcoin long on the decentralized derivatives exchange Hyperliquid accounted for $31.09 million on its own. Rates, Inflation and the AI Trade James Butterfill, head of research at CoinShares, told Unchained that bitcoin is being hit as investors rethink their AI and tech bets, with hotter inflation and the prospect of more Fed rate increases adding to the strain. “Bitcoin does not need a direct economic connection to AI to suffer when investors reduce risk across their portfolios,” he said, noting that fund withdrawals and leverage were amplifying the pressure. Two weeks earlier, with bitcoin near $80,000, Galaxy head of firm-wide research Alex Thorn said on Unchained that bitcoin’s holder base had become less sensitive to AI jitters. “People ask why Bitcoin’s been so resilient around 80 while everybody has a wall of worry meltdown about the AI trade the last month,” he said, arguing that “none of the people freaking out about AI own Bitcoin.” The rate backdrop has tightened. The Consumer Price Index (CPI) rose 0.4% in October and core CPI, which excludes food and energy, 0.3%, data that knocked bitcoin back below $74,000 on Tuesday. The Fed held its target range at 3.75% to 4% on Oct. 28, with two officials dissenting in favor of a hike, after raising rates in September. The 10-year Treasury yield reached 5.10% on Thursday, up from 4.88% on Monday. What Investors Are Watching CoinShares’ base case has been a $70,000-to-$90,000 band for bitcoin into 2027. “The move below US$70,000 puts the lower end of that view under pressure, and we should not assume it represents a hard floor,” Butterfill told Unchained. He said a lasting move above $90,000 would likely need expectations of easier monetary policy, renewed buying by large holders, or both. Butterfill is watching inflation, the Fed’s expected path, flows into exchange-traded products (ETPs), and whether buying comes from the spot market or new leverage. U.S. spot bitcoin ETFs saw net outflows of $299.9 million on Wednesday, Nov. 11, and $1.88 billion in November through that day, according to SoSoValue data . “A short squeeze can lift prices quickly, but a durable recovery needs buyers willing to commit fresh capital,” he said. He also flagged oil and Iran as risks to the inflation outlook. West Texas Intermediate (WTI) crude has fallen, from $107.56 a barrel on Oct. 30 to $89.62 on Nov. 10, according to U.S. Energy Information Administration data . October producer price data is due at 8:30 a.m. ET Friday. Nvidia, whose CEO Jensen Huang resigned effective immediately on Thursday, reports quarterly results on Nov. 17. The Fed’s next rate decision is scheduled for Dec. 9, a day before November CPI. Related Listen: How the 50-Week Moving Average Signals Bitcoin’s Bear Market Is Over The post Bitcoin Breaks Below $70,000 as Liquidations Sweep Through Leveraged Longs appeared first on Unchained .
Open source - BA
Barron's@barronsonlinePost on X ·
Bitcoin drops to its lowest level since August as fears of interest rate hikes are rattling crypto investors. https://t.co/pNEH8MdeYY
Open source - WG
Watcher.Guru@WatcherGuruPost on X ·
BREAKING: Bitcoin falls under $70,000 https://t.co/A4RsXEOUXq
Open source - AI
Analytics Insight@analyticsinmePost on X ·
𝐁𝐢𝐭𝐜𝐨𝐢𝐧 𝐏𝐫𝐢𝐜𝐞 𝐂𝐫𝐚𝐬𝐡𝐞𝐬, 𝐂𝐫𝐲𝐩𝐭𝐨 𝐋𝐢𝐪𝐮𝐢𝐝𝐚𝐭𝐢𝐨𝐧𝐬 𝐇𝐢𝐭 𝐔𝐒𝐃 𝟏.𝟒 𝐁𝐢𝐥𝐥𝐢𝐨𝐧, 𝐄𝐓𝐅 𝐎𝐮𝐭𝐟𝐥𝐨𝐰𝐬 𝐑𝐞𝐚𝐜𝐡 𝐔𝐒𝐃 𝟏.𝟗𝟐 𝐁𝐢𝐥𝐥𝐢𝐨𝐧 Bitcoin Crashes Below USD 69,000 as Crypto Liquidations Surge to USD 1.4 Billion! Bitcoin plunged below USD 69,000, marking its lowest level in nearly three months, while the broader cryptocurrency market lost more than 9% of its capitalization over the past week. According to CoinGlass, USD 1.4 billion in crypto positions were liquidated, including USD 1.26 billion in long positions, affecting more than 170,000 traders. Meanwhile, Bitcoin ETF gross outflows approached USD 2 billion in November, while Ethereum declined to USD 1,925 and XRP approached USD 1. Can Bitcoin recover above USD 70,000, or will continued ETF withdrawals trigger further selling pressure? #Bitcoin #BitcoinCrash #CryptoMarket #Cryptocurrency #CryptoLiquidations #BitcoinETF #Ethereum #ETH #XRP #AnalyticsInsight #AnalyticsInsightMagazine Read More 👇 https://t.co/R5ArwwstjP
Open source - DE
Decrypt@DecryptMediaPost on X ·
$BTC Sinks Below Its 2021 Peak to Lowest Price Since August. Bitcoin hit $67,555 on Coinbase at 12:55 AM EST Friday, its lowest since Aug. 19 and below its November 2021 high of $69,000, while $ETH slipped under $1,900. https://t.co/NhVFQNmMWP
Open source - TB
The BlockArticle ·
Bitcoin tumbles below $69,000 as Nvidia turmoil adds to Fed-driven market jitters A total of $798 million in crypto positions has been liquidated over the past four hours, including $718.5 million in long positions.
Open source - CO
Cointelegraph@CointelegraphPost on X ·
🔥 UPDATE: Bitcoin hits its 200-week moving average near $68K, a historic buying opportunity, says Strive's Matt Cole. https://t.co/nReGPd1qg8
Open source - CB
Coin Bureau@coinbureauPost on X ·
🚨BREAKING: Bitcoin drops below $71,000 and Ethereum loses $2,000 as the crypto selloff deepens. $BTC is at its lowest since August 20, down about 15% in a month. $ETH touched $1,999 this morning. https://t.co/P9IcBedxNi
Open source - C®
CryptoSavingExpert ®@CryptoSavingExpPost on X ·
Bitcoin has just fallen below $70,000 for the first time since August. ETH has also dropped below $2,000. More than $1.3 BILLION in crypto futures positions have been liquidated over the past 24 hours, including $677M in BTC alone. The dollar index is now above 103, its highest level since April 2025, adding another headwind for risk assets. This is getting ugly. We want to see actual spot buying come back before getting too aggressive with dip buying. A leverage flush alone doesn't guarantee a bottom.
Open source - BT
Bull Theory@BullTheoryioPost on X ·
🚨 BLOODBATH IN CRYPTO MARKET $1.6 Billion has been liquidated from crypto market in the last 24 hours. $BTC below $68,000 $ETH below $1,900 $SOL below $80 $XRP below $1 $BNB below $630 https://t.co/A88n6saxKt
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