Bitcoin Price Sinks Below $70K as Crypto Sentiment Weakens
- Bitcoin fell to $68,750 early Friday, November 13, 2026, after exchanges liquidated approximately $1.23 billion in leveraged positions over 24 hours, with Bitcoin accounting for roughly $677.5 million.
- Institutional outflows from US spot Bitcoin exchange-traded funds coincided with rising Treasury yields and a stronger US dollar, while Iran's Islamic Revolutionary Guard Corps claimed it attacked a U.S. radar in Bahrain early Friday.
- Nvidia CEO Jensen Huang's resignation added pressure to technology stocks, while BlackRock's iShares Bitcoin Trust recorded more than $2 billion in net outflows across nine consecutive trading sessions through Wednesday.
- Long positions accounted for more than 96% of Bitcoin's liquidations, showing traders expecting price recovery suffered severe losses. The Crypto Fear & Greed Index fell to 20 on Friday, its lowest reading in more than four months.
- Despite the correction, crypto analyst Doctor Profit maintained a bullish outlook in a Friday post, arguing Bitcoin's drop had not erased its recovery from $60,000 lows. Major support levels remain scattered toward $70,000 and the 200-week SMA around $68,013.
38 Articles
38 Articles
Bitcoin fell below $70,000 for the first time since August. Spot Bitcoin ETFs in the US experienced outflows for five consecutive trading days, with total withdrawals in November approaching $2 billion. Expectations of a US interest rate hike also increased pressure on the price.
During the bidding process, the cost of bitcoin fell below $70,000 for the first time since 20 August. 2.18 per cent of the morning of the Bitcoin was reduced to $69,900 and then slowed down the fall to $66.01,000. At the same time, the Ethereum lost 1.8 per cent to 1983.44 dollars. According to the Coinglass site, over the past 24 hours the world's cryptobiers had eliminated positions of 125.76,000 traders totalling $901.89 million. About $772 …
Bitcoin falls below $72,000 as $70,000 comes into focus
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