Bitcoin fell to $68,850.76 on November 13, 2026, marking its lowest price in nearly three months as institutional selling, persistent withdrawals from spot exchange-traded funds (ETFs) and concerns about tighter US monetary policy weighed on cryptocurrency markets. The world’s largest cryptocurrency declined 6.64% over 24 hours and approximately 9.05% over the previous seven days, extending a sell-off that has weakened investor confidence across the digital asset sector.
The decline came amid broader financial market uncertainty, including weakness in technology stocks and rising US bond yields. Stronger-than-expected inflation data increased expectations that the Federal Reserve could maintain restrictive monetary policy or consider another interest rate increase. Bitcoin’s fall below the psychologically important $70,000 level also triggered substantial liquidations in leveraged trading positions, adding to downward pressure.
Bitcoin Price Drops to $68,850
Bitcoin touched $68,850.76 during early trading on November 13, according to market data reported by Moneycontrol. The decline marked its weakest level in approximately three months.
The cryptocurrency had already been under pressure during the preceding weeks as institutional investors reduced exposure to digital assets. Its latest fall below $70,000 accelerated selling and raised concerns about whether the market could find support at lower price levels.
Other cryptocurrencies also recorded losses. Ethereum, the second-largest cryptocurrency by market capitalisation, fell below $2,000, while several major digital assets experienced additional selling pressure.
The decline reflects a combination of macroeconomic uncertainty, reduced institutional demand and forced liquidations rather than a single isolated development.
Key Bitcoin Market Figures
| Indicator | Reported figure |
|---|---|
| Bitcoin intraday low | $68,850.76 |
| 24-hour decline | 6.64% |
| Seven-day decline | 9.05% |
| US spot Bitcoin ETF outflows | Approximately $1.44 billion |
| ETF outflow period | Five consecutive sessions |
| Market liquidation estimates | More than $1 billion |
| Important psychological level breached | $70,000 |
The price figures represent reported market levels during the November 13 sell-off and can change as cryptocurrency markets trade continuously.
Institutional Investors Withdraw Money From Bitcoin ETFs
One of the major factors contributing to Bitcoin’s decline has been the continued withdrawal of money from US spot Bitcoin ETFs.
These investment products allow investors to gain exposure to Bitcoin through traditional stock-market accounts without directly purchasing or holding the cryptocurrency.
However, the products have recently recorded sustained outflows, suggesting that some institutional and retail investors are reducing their exposure.
According to Moneycontrol, US spot Bitcoin ETFs recorded approximately $1.44 billion in net outflows across five consecutive trading sessions through November 11.
The withdrawals indicate weakening demand from a major source of institutional investment.
ETF flows are closely monitored because they provide an indication of how traditional financial investors are positioning themselves towards Bitcoin. Strong inflows can support demand, while persistent withdrawals can increase selling pressure.
The continued outflows have therefore become an important concern for traders looking for signs of a potential recovery.
Stronger US Inflation Raises Federal Reserve Rate Concerns
Macroeconomic developments have also contributed to the cryptocurrency market’s weakness.
Stronger-than-expected US inflation data has increased concerns that the Federal Reserve may maintain restrictive monetary policy for longer or consider another interest rate increase.
Higher interest rates can make traditional financial assets such as government bonds more attractive relative to investments that do not generate regular income.
Bitcoin does not provide interest payments or dividends. Consequently, changes in interest-rate expectations and bond yields can influence investor demand for the cryptocurrency.
Rising US Treasury yields have also increased pressure on risk-sensitive assets, including technology stocks and digital currencies.
According to reporting by Anadolu Agency, Bitcoin fell below $70,000 as stronger US inflation data and rising bond yields weighed on the market.
The possibility of further monetary tightening has created additional uncertainty for investors who had expected interest rates to decline.
More Than $1 Billion in Crypto Positions Liquidated
Bitcoin’s fall below $70,000 triggered a wave of liquidations across cryptocurrency derivatives markets.
Liquidations occur when exchanges automatically close leveraged positions after traders no longer have sufficient margin to support their trades.
During a sharp market decline, traders holding leveraged long positions can face forced selling. These transactions can accelerate price movements because large numbers of positions may be closed within a short period.
The Block reported that cryptocurrency liquidations reached approximately $1.47 billion over 24 hours, including around $1.31 billion in long positions.
The report also indicated that more than 175,000 traders were liquidated during the period.
The concentration of liquidations in long positions suggests that many traders had positioned themselves for higher cryptocurrency prices before the sell-off intensified.
When Bitcoin broke below key price levels, those positions came under pressure, adding to the market’s downward momentum.
How Leveraged Liquidations Increase Market Volatility
The process can create a cycle of additional selling:
- Bitcoin falls below an important price level.
- Leveraged long positions move into losses.
- Exchanges automatically close positions when margin requirements are breached.
- Forced selling adds pressure to Bitcoin and other cryptocurrencies.
- Further price declines trigger additional liquidations.
This mechanism can make cryptocurrency markets particularly volatile during periods of weak liquidity.
NVIDIA Turmoil and Technology Stock Weakness Add to Market Pressure
The cryptocurrency sell-off also coincided with significant uncertainty in the technology sector.
NVIDIA shares faced heavy selling pressure following the reported resignation of co-founder and chief executive Jensen Huang. The broader technology market also experienced weakness as investors reassessed valuations and the outlook for artificial intelligence investment.
Bitcoin has increasingly attracted investors who also hold technology stocks and other risk-sensitive assets. When market participants reduce exposure to these investments, cryptocurrency holdings can face additional selling pressure.
The Block reported that traders were assessing NVIDIA-related market uncertainty alongside expectations of another Federal Reserve interest rate increase.
However, the timing of these developments does not establish that the technology-sector sell-off alone caused Bitcoin’s decline. ETF outflows, bond yields, inflation expectations and leveraged liquidations were also important factors.
The latest movement highlights how cryptocurrency markets can respond to developments across traditional financial markets.
Crypto Market Sentiment Falls Into Extreme Fear
The continued decline has weakened investor confidence across the digital asset industry.
According to Cointelegraph, the Crypto Fear & Greed Index fell to 20 on November 13, indicating extreme fear among market participants.
The indicator measures market sentiment using factors such as volatility, trading activity and other market-related signals.
A reading in the extreme-fear category suggests that investors are becoming increasingly cautious and may be reducing exposure to volatile digital assets.
However, sentiment indicators do not predict future prices. Extreme fear can persist during prolonged market downturns, while occasional recoveries can occur even when investor confidence remains weak.
Traders are also monitoring Bitcoin’s ability to recover above $70,000 and whether institutional ETF flows begin to stabilise.
What Investors Are Watching After Bitcoin’s Decline
The immediate focus for cryptocurrency investors is whether Bitcoin can establish support after falling below $70,000.
Analysts cited by Moneycontrol have highlighted the importance of monitoring ETF flows, US inflation data and broader market liquidity.
A sustained recovery in institutional demand could help stabilise the market. However, continued withdrawals from investment products may indicate that large investors remain cautious.
Investors are also watching developments in US monetary policy. Expectations of further interest rate increases could continue to affect demand for risk-sensitive investments.
Market participants should also pay attention to the amount of leverage in cryptocurrency derivatives markets. Elevated leverage can increase the likelihood of sudden price movements when Bitcoin approaches important trading levels.
The Bigger Picture
Bitcoin’s decline to $68,850 reflects the growing influence of institutional investment flows and macroeconomic developments on cryptocurrency prices. The market is no longer driven solely by retail trading and digital-asset-specific developments. ETF demand, government bond yields, inflation expectations and broader investor sentiment increasingly influence price movements.
The latest sell-off also demonstrates how leverage can amplify market weakness. Persistent ETF withdrawals weakened demand, while forced liquidations accelerated selling after Bitcoin dropped below $70,000. Although the cryptocurrency industry continues to attract long-term interest, the current environment highlights the risks associated with volatile prices, reduced liquidity and changing monetary conditions.
Looking Ahead
Bitcoin’s near-term direction will depend on whether institutional demand stabilises and whether the cryptocurrency can recover important psychological price levels. Investors will closely monitor upcoming US economic data, Federal Reserve signals and daily flows into spot Bitcoin ETFs. A reduction in selling pressure and improved liquidity could support a recovery, while continued outflows and higher bond yields could prolong market weakness.
For cryptocurrency investors, the latest decline is a reminder that digital assets remain highly sensitive to changes in global financial conditions. Large price movements can create opportunities, but they also increase the risks of leveraged trading and short-term speculation. Bitcoin’s ability to regain market confidence will depend on a combination of stronger demand, improving liquidity and a more supportive macroeconomic environment.
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