Bitcoin Breaks Below $70000 as 1.64 Billion in Leveraged Liquidations Follow Stronger Dollar and Fed Hike Expectations
What happened
Bitcoin slid to an intraday low of $67,770 on November 13, 2026, wiping out $1.64 billion in leveraged trading positions across the digital asset sector.
The Context
* Macro headwinds align: Hotter-than-expected US inflation metrics prompted markets to price an 88% probability of a 25-basis-point Federal Reserve rate hike in December, pushing the US Dollar Index above 103. * Institutional capital pulls back: US spot Bitcoin ETFs registered $47.7 million in single-day net outflows, extending a six-session redemption run that reached $1.44 billion. * Derivatives absorb the shock: Long positions accounted for 89% of the liquidations, led by a single $31.1 million Bitcoin long closure on Hyperliquid as futures volume rose 58.3%.
The Number
— the total volume of crypto derivatives wiped out in 24 hours, illustrating how rapidly leverage unwinds when monetary policy expectations shift.
Takeaway
Watch the US producer price index release and the Federal Reserve’s December policy meeting, as sustained dollar strength will test the critical $67,770 support floor.
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