Bitcoin Falls Below $69,000 as $1.4 Billion in Crypto…
By Karthik Subramanian
AI summary of the source article
Bitcoin dropped below $69,000 amid approximately $1.41 billion in leveraged crypto liquidations and ongoing spot Bitcoin ETF outflows. Tighter U.S. monetary policy expectations and a stronger dollar added further pressure on cryptocurrency markets.
Why it matters
Higher interest rates can reduce demand for speculative assets by increasing borrowing costs and improving returns on lower-risk investments.
Key facts
- Bitcoin fell roughly 6.8% over 24 hours to trade near $68,660, sliding below its 200-day moving average.
- Derivatives markets saw about $1.41 billion in leveraged positions liquidated over 24 hours, with long positions accounting for nearly 89%.
- U.S. spot Bitcoin ETFs recorded $299.8 million in net outflows on November 11, including $269.7 million from BlackRock's iShares Bitcoin Trust.
Source excerpt · FinanceFeeds
Bitcoin drops more than 6% to its lowest level in nearly three months as leveraged positions unwind, ETF withdrawals continue and expectations of higher U.S. interest rates pressure cryptocurrency markets. Bitcoin plunged below $69,000 on Friday, November 13, 2026, extending a sharp cryptocurrency market sell-off as leveraged liquidations, institutional withdrawals and concerns over tighter U.S. m…