Crypto
Bitcoin Broke Below $69,000 as $1.4 Billion Was Liquidated
Bitcoin fell below $69,000 on November 13, 2026, its lowest in about three months, as more than $1.4 billion of leveraged crypto positions were liquidated.
The crypto market spent Thursday night unwinding bets that it would bounce. Bitcoin slipped below $69,000 in Asian trading on Friday, November 13, its lowest level in about three months, according to Cryptopolitan, after a rebound toward $75,000 on Wednesday failed. It has lost more than 7% in two days and was trading around $81,000 not long ago. The total value of the crypto market is down more than 9% this week.
Most of the damage was forced selling. More than $1.4 billion of leveraged positions were liquidated across exchanges in 24 hours, TokenPost reported from CoinGlass data, and $1.26 billion of that came from longs, traders who had borrowed to bet on higher prices, against $155 million from shorts. More than 170,000 traders were closed out. Bitcoin accounted for $742 million and ether for $250 million; ether fell about 6% toward $1,900, and XRP neared $1.00.
The selling started outside crypto. Bitcoin has tracked AI-heavy technology stocks for most of 2026, partly because miners have sold coins to fund their move into data centres. Nvidia's chief executive resigned on Thursday, small caps fell 1.66% and the 10-year Treasury yield rose back above 5% as traders priced a December rate hike as a certainty. Money has also been leaving the US spot bitcoin funds: SoSoValue data show about $1.88 billion of net outflows in November so far, on seven of the eight trading days, including $299.9 million on November 11.
Chart-watchers now have a specific line to watch. Bitcoin is trading just above its 200-week simple moving average, near $67,990, a level it bounced from earlier this year and last spent long stretches below in 2022, before that cycle's bottom. Glassnode data point to buying interest around $68,000. The so-called bull market support band, the 20-week and 21-week averages, sits far above at $73,570 to $76,530, and the price is now well under it.
None of these averages has any power of its own; they matter because many traders watch them and place orders around them. That is also why breaks through them tend to be sharp. With the Fed's December 8–9 meeting the next big event and ETF flows still negative, a close below the 200-week line would be the first since 2022, and the liquidation numbers suggest that a lot of leverage was sitting just above it.