Bitcoin falls below $69,000 triggering over $600 million in liquidations

Bitcoin fell below $70,000 on November 13, 2026, reaching three-month lows near $68,607 alongside drops in Ethereum and altcoins. The selloff triggered over $600 million in crypto futures liquidations, dominated by long positions. Market pressure intensified amid $2.5 billion in spot ETF outflows over two weeks, rising U.S. Treasury yields above 5%, and growing expectations of a December Federal Reserve rate hike.

Cryptocurrency market price drops

• ▪Bitcoin fell below $70,000 on November 13, 2026, reaching intraday lows between $68,943 and $69,000, Bitcoin's lowest price level since August 2026
• ▪The total cryptocurrency market capitalization fell 5.09% over 24 hours to $2.42 trillion on November 13, 2026
• ▪Ethereum dropped below $2,000 to trade around $1,925.57 to $2,007.04 on November 13, 2026, while Solana traded below $80

Macroeconomic factors and Fed expectations

• ▪10x Research reported that between November 5 and November 12, 2026, Bitcoin fell 5.9% while the Nasdaq 100 gained 6.4%, aligning Bitcoin's price movement with gold as U.S. 10-year Treasury yields rose above 5%
• ▪CME FedWatch data indicated an 85.5% probability of a quarter-point Federal Reserve rate hike and a 14.5% chance of a half-point hike in December 2026
• ▪The U.S. Dollar Index traded above 103 on November 13, 2026, reaching its highest level since April 2025 and strengthening expectations of Federal Reserve interest rate hikes

Crypto futures leverage and liquidations

• ▪The single largest individual liquidation order on November 13, 2026, was a $31.09 million Bitcoin long position on the Hyperliquid decentralized platform, closed near $72,250
• ▪Crypto futures liquidations exceeded $1.3 billion over 24 hours on November 13, 2026, with long positions accounting for approximately 88% to 95% of total wiped-out leverage
• ▪Coinglass data recorded $325 million to $677 million in Bitcoin liquidations and over $106 million to $120 million in Ethereum liquidations on November 13, 2026

Spot Bitcoin ETF capital outflows

• ▪U.S.-listed spot Bitcoin exchange-traded funds experienced over $2.5 billion in total net outflows between October 30 and November 11, 2026
• ▪BlackRock's iShares Bitcoin Trust recorded over $2 billion in net outflows across nine consecutive trading sessions through November 11, 2026

Giottus market analysis

• ▪Giottus CEO Vikram Subburaj attributed Bitcoin's weakness on November 13, 2026, to institutional outflows, tightening crypto liquidity, and expectations of a December Federal Reserve interest rate hike
• ▪Giottus CEO Vikram Subburaj stated on November 13, 2026, that investors should avoid chasing short-term dips or utilizing excessive leverage

Revolutionary Guard military statements

• ▪Iran's Islamic Revolutionary Guard Corps stated via Tasnim news agency that it destroyed a U.S. early-warning radar in Bahrain in response to an air attack in Sirik
• ▪Iran's Islamic Revolutionary Guard Corps described its radar strike in Bahrain as a serious warning to the aggressor enemy, demanding an end to aerial provocations and Strait of Hormuz oil smuggling