Bitcoin Falls Below $70,000 as Leveraged Longs Are Liquidated
Bitcoin fell below $70,000 on 13 November 2026, its lowest level since 19 August, according to CoinDesk. Bitcoin traded at $69,189.56, down 5.05%, while Ethereum dropped 3.06% to $1,961.06.
The selloff was driven by forced selling of leveraged long positions. CoinGlass recorded 24-hour liquidations of $1.23 billion to $1.64 billion, with longs making up 88% to 95% of the total. On Binance, Bybit and OKX, Bitcoin liquidations totalled $375.24M, and one 4-hour window starting at 00:00 UTC accounted for about 72% of that figure.
Spot Bitcoin ETFs added to the pressure. U.S. funds recorded net outflows of about $1.44 billion over five sessions through 11 November, and Bitcoin ETFs are now down more than $1.5 billion for the year. Crypto's Fear & Greed Index fell to 21, Extreme Fear, its lowest reading in the seven-day window.
Major Price Moves
Market Overview
Bitcoin held rank 1 at $69,189.56, down 5.05% on $65.36B in 24-hour volume. Ethereum held rank 2 at $1,961.06, down 3.06% on $28.13B in volume.
Top 10 Gainers
| Coin (symbol + name) | Price | 24h % | 24h Volume | |
|---|---|---|---|---|
| Akedo (AKE) | $0.006368 | 152.59% | $167.95M | |
| Sanctum (SANC) | $0.095746 | 117.55% | $12.82M | |
| Lombard (BARD) | $0.164556 | 94.90% | $181.75M | |
| Sophon (SOPH) | $0.001689 | 30.79% | $17.28M | |
| Kor Protocol (KOR) | $0.000436 | 29.42% | $7.68M | |
| KGeN (KGEN) | $0.090949 | 27.12% | $19.50M | |
| DODO (DODO) | $0.029332 | 26.17% | $30.01M | |
| Mayflower (MAY) | $0.003209 | 20.73% | $5.35M | |
| Osmosis (OSMO) | $0.037606 | 15.31% | $6.77M | |
| UnifAI Network (UAI) | $0.040171 | 14.97% | $6.76M |
Top 10 Losers
| Coin (symbol + name) | Price | 24h % | 24h Volume | |
|---|---|---|---|---|
| Merlin's Seal BTC (M-BTC) | $50,949.55 | -27.29% | $240.40 | |
| Provenance Blockchain (HASH) | $0.006515 | -17.73% | $36.70K | |
| Anvil (ANVL) | $0.002010 | -10.87% | $425.19K | |
| Magic Hash (MHA) | $0.005991 | -9.64% | $2.01M | |
| Bitway (BTW) | $0.901015 | -9.31% | $13.41M | |
| Gram (GRAM) | $1.149692 | -8.83% | $227.16M | |
| Ozone Chain (OZO) | $0.204898 | -8.62% | $366.62K | |
| Aero (AERO) | $0.478884 | -7.94% | $30.19M | |
| Universal BTC (UNIBTC) | $69,302.17 | -7.42% | $34.33K | |
| THORChain (RUNE) | $0.551349 | -6.37% | $29.77M |
Top 20 by Market Cap
| Rank | Coin (symbol + name) | Price | 24h % | 24h Volume | |
|---|---|---|---|---|---|
| 1 | Bitcoin (BTC) | $69,189.56 | -5.05% | $65.36B | |
| 2 | Ethereum (ETH) | $1,961.06 | -3.06% | $28.13B | |
| 3 | Tether (USDT) | $0.999259 | 0.03% | $65.87B | |
| 4 | BNB (BNB) | $639.86 | -2.99% | $812.81M | |
| 5 | USDC (USDC) | $0.999558 | 0.01% | $17.75B | |
| 6 | XRP (XRP) | $1.018318 | -1.83% | $2.82B | |
| 7 | Solana (SOL) | $80.66 | -1.79% | $4.52B | |
| 8 | TRON (TRX) | $0.312613 | -1.08% | $244.38M | |
| 9 | Lido Staked Ether (STETH) | $1,956.95 | -3.18% | $44.96M | |
| 10 | Hyperliquid (HYPE) | $73.99 | 5.24% | $1.10B | |
| 11 | Zcash (ZEC) | $969.04 | -0.40% | $4.24B | |
| 12 | Dogecoin (DOGE) | $0.065339 | -1.47% | $1.10B | |
| 13 | Monero (XMR) | $534.42 | -3.79% | $188.83M | |
| 14 | Wrapped stETH (WSTETH) | $2,444.72 | -3.06% | $74.34M | |
| 15 | Binance Bridged USDT (BSC-USD) | $0.999234 | 0.02% | $731.90M | |
| 16 | USDS (USDS) | $0.999939 | 0.02% | $204.32M | |
| 17 | Wrapped Bitcoin (WBTC) | $69,182.54 | -4.91% | $370.31M | |
| 18 | WhiteBIT Coin (WBT) | $67.11 | -4.29% | $103.65M | |
| 19 | Chainlink (LINK) | $9.97 | -0.05% | $420.86M | |
| 20 | Wrapped Beacon ETH (WBETH) | $2,171.09 | -3.02% | $3.35M |
Other Key Events
U.S. Seeks $1.2 Billion Tied to the Binance Hack
The Justice Department announced actions on 12 November to disrupt North Korea's theft of crypto. The FBI attributes the October 29 Binance hack to a North Korean unit it calls "TraderTraitor." The $1.2 billion court order targets part of more than $2.7 billion frozen by government and private efforts. Binance said it has restored all $6.3 billion in stolen customer assets, using company profits and emergency reserves.
Nvidia CEO Steps Down
Nvidia confirmed that CEO Jensen Huang is stepping down. Nvidia shares fell more than 13% on Thursday, and Bitcoin dropped alongside them. Social posts reporting reasons for the departure are unverified.
In Brief
- Sanctum (SANC): Upbit listed SANC on its KRW, BTC and USDT markets, with trading scheduled for 13:00 KST on 13 November. This is the confirmed catalyst for the token's gain.
- Lombard (BARD): Secondary reports cite an Aave governance proposal on collateral rules that includes LBTC as the trigger. Open interest on BARD futures rose more than 216% to $18.26M, and short liquidations followed.
- Akedo (AKE): No confirmed project announcement explains the move. Trackers recorded gains from 51% to 143% depending on snapshot time, and derivatives activity and social attention are the cited drivers.
- Merlin's Seal BTC, HASH and ANVL: No confirmed cause was found for these losers. M-BTC and HASH trade in very thin volume, and the Initia exploit on 9 November is the only ANVL-adjacent news, with no link to its price.
- Zcash: The NU7 upgrade is live, with block times targeting 25 seconds, down from 75.
What to Watch
- $70,000 for Bitcoin: BTC must reclaim $70,000 after its 5.05% drop. Social posts cite the 200-week moving average near $68,000 as the next test.
- Bitcoin ETF flows: Outflows slowed to $48M in the latest session, the smallest in seven sessions. The next daily reading will show whether flows turn positive.
- Akedo unlock on 21 November: About 2.11B to 2.16B AKE, roughly 9% of circulating supply, unlocks on 21 November 2026. Exchange inflows from unlocked wallets would be the signal to watch.
- Lombard unlock on 18 November: CoinGabbar lists 13.75 million BARD unlocking on 18 November. Other sources give 17 November, so the date is unconfirmed.
- Zcash grants vote: Holders will vote on moving 50,000 ZEC, worth about $50 million, out of the grants treasury.