Bitcoin Price Falls Below $69K as Heavy Liquidations and ETF Outflows Hit Crypto Market

Highlights:

• Bitcoin fell to $68,542 on November 13, down 6.7%, while crypto liquidations reached $1.65 billion.
• Long positions accounted for $1.46 billion of the losses, while Bitcoin alone saw $918.85 million liquidated.
• US spot Bitcoin ETFs lost nearly $1.50 billion over six sessions, adding pressure before Friday’s sell-off.

Bitcoin (BTC) fell below $69,000 on November 13 as heavy selling pushed crypto liquidations to $1.65 billion in 24 hours. The decline hit 187,388 traders, with most losses coming from bets on higher prices. US Bitcoin ETF withdrawals and concerns about another Federal Reserve rate hike also weighed on the market. Meanwhile, fresh on-chain data showed growing selling pressure, although some analysts believe the decline could offer buying opportunities.

According to CoinGlass, long positions accounted for approximately $1.46 billion in liquidations, while short positions lost $183.19 million.

Bitcoin Liquidations Reach $1.65 Billion in 24 Hours

Bitcoin’s drop below $70,000 caught traders who expected a recovery. CoinGlass data showed that Bitcoin accounted for $918.85 million in liquidations over 24 hours. Long positions made up 95.4% of that amount. Ethereum (ETH) followed with $288.12 million in liquidations, while Solana (SOL) recorded $57.80 million.

The largest single liquidation occurred on Hyperliquid, where a BTC-USD position worth $31.09 million was closed. The sharp decline forced exchanges to close leveraged positions when traders could no longer cover their losses. These forced closures added to market pressure.

Bitcoin ETFs See Nearly $1.49 Billion in Outflows Since November 5

US spot Bitcoin ETFs continued to lose funds ahead of Friday’s sell-off. According to Farside Investors, the funds recorded nearly $1.44 billion in net outflows across five trading sessions from November 5 to November 11.

Investors withdrew $430.2 million on November 5 and another $411.9 million on November 6. Outflows continued this week, reaching $299.8 million on November 11. BlackRock’s iShares Bitcoin Trust (IBIT) accounted for $269.7 million of that day’s withdrawals.

Early figures for November 12 showed another $47.7 million in net outflows. Bitwise’s BITB lost $26.4 million, while ARK 21Shares’ ARKB recorded $18.5 million in withdrawals. The reported total since November 5 now stands at approximately $1.49 billion.

The continued withdrawals suggest that investors have reduced their Bitcoin exposure during the recent market decline.

US Inflation Raises Concerns About Fed Rate Hikes

The latest US inflation figures have also raised concerns about borrowing costs. On November 10, the US Bureau of Labor Statistics reported that consumer prices rose 0.4% in October. Core inflation, which excludes food and energy, increased 0.3%.

Federal Reserve Governor Christopher Waller said in a November 10 speech that he was leaning toward a 25-basis-point rate increase in December. He also suggested considering a larger 50-basis-point hike if inflation remained high. Higher interest rates can discourage investors from buying risky assets such as Bitcoin. However, the Federal Reserve has not made its December decision.

Darkfost Sees Possible Opportunity Despite Bitcoin Sell-Off

Meanwhile, CryptoQuant analyst Darkfost reported that Bitcoin’s taker buy/sell ratio on Binance had fallen to 0.85, its lowest level in more than a year. The monthly average also dropped to 0.97. Both readings suggest that sellers have become more aggressive than buyers.

In a separate November 13 post on X, Darkfost said Bitcoin had reached unusually low valuation levels. According to his analysis, the cryptocurrency has spent only 3.4% of its history at similar readings. The analyst believes such periods can create opportunities for long-term investors. However, the figures do not confirm that Bitcoin has reached its bottom.

Bitcoin has just lost some key levels, and panic is starting to spread among investors.

This comes only a few weeks after profits were dominating the market.

Today, Bitcoin’s undervaluation has reached extreme levels, which it has only spent 3.4% of its time at throughout its… pic.twitter.com/HB8E5rjiNI

— Darkfost (@Darkfost_Coc) November 13, 2026

At the time of writing, BTC was trading at $68,542.52, down 6.7% over the previous 24 hours, according to CoinMarketCap. Bitcoin’s market capitalization stood at approximately $1.37 trillion, down 6.73% during the same period.