Bitcoin Breaks Below 70000 as 1.64 Billion in Leveraged Liquidations Hit Crypto Markets
What happened
Bitcoin slipped to an intraday low of $67,770 on November 13, 2026, triggering $1.64 billion in forced liquidations across crypto derivatives markets within 24 hours.
The Context
* Macro headwinds tightened liquidity: Stronger-than-expected US inflation data pushed the probability of a December 25-basis-point Federal Reserve rate hike to 88%, lifting the US Dollar Index above 103 for the first time since April 2025. * Institutional outflows continued: US spot Bitcoin ETFs registered $47.7 million in net outflows on the day, extending a six-day streak of redemptions totaling $1.44 billion. * Tech sentiment faced correlated pressure: The crypto sell-off coincided with the resignation of Nvidia CEO Jensen Huang, which amplified downward pressure across correlated technology equities and broader risk assets.
The Number
in leveraged crypto positions were liquidated in a single day, with long bets accounting for roughly 89% of the total wipeout as futures trading volume jumped 58.3% to $269.1 billion.
Takeaway
Watch the upcoming producer price data and the Federal Reserve’s December 8–9 policy meeting, as borrowing rate expectations will dictate whether institutional capital re-enters risk assets or retreats further into cash.
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