On November 13, 2026, the price of Bitcoin dropped below $68,000 amid worsening negative sentiment on the crypto market. Over the past 24 hours, the volume of futures position liquidations reached $1.64 billion. Traders who had counted on market growth suffered the main losses.

According to CoinGlass, 185,595 traders faced forced position closures in a 24-hour period. Holders of long positions (longs) lost $1.46 billion, while liquidations of short positions (shorts) amounted to $180.46 million. Thus, longs accounted for 89% of the total liquidation volume.

The volume of liquidations under futures contracts on the crypto-asset market.

Among individual crypto assets, bitcoin traders suffered the largest losses — $911.4 million, of which 95.5% came from long positions. In the case of Ethereum, positions worth $286.63 million were forcibly closed, with longs accounting for 90.1%. Another $65.63 million fell on other crypto assets.

The largest single liquidation in the last 24 hours occurred on the Hyperliquid platform in the BTC-USD trading pair. The volume of the forcibly closed long position amounted to $31.09 million.

In terms of liquidation volume among trading platforms, Binance led with $579.17 million, of which $504.65 million came from longs. Second place went to Hyperliquid ($483.09 million), followed by Bybit ($196.15 million), Gate ($156.35 million), and OKX ($83.73 million).

Recall that a week earlier, the volume of liquidations on the crypto market amounted to $1.25 billion, and more than 240,000 traders suffered forced position closures. At that time, bitcoin approached $75,000, having lost support near $80,000.

The fear and greed index on the crypto asset market stands at 19 points, which corresponds to the extreme fear zone. The day before, the indicator was at 22 points, and a week ago — at 31 points. This indicates a further deterioration in market participants' sentiment.

At the time of preparing the material, the asset is trading at $69,195, according to TradingView.

Daily BTC/USDT chart on the Binance exchange.

The community discusses the further decline of bitcoin

Members of the crypto community noted that most traders expected short position liquidations, but the market demonstrated the opposite scenario.

In particular, an analyst under the pseudonym Matteo Invest noted the irony of the situation:

“When the majority expected short liquidation, the opposite is happening.”

He also pointed to the predominance of extreme fear among market participants and the continued outflow of funds from ETFs.

Another community member with the nickname CryptoCT01, commenting on reports of liquidations worth $500 million in just one hour, noted that leveraged traders suffered significant losses after bitcoin fell below $70,000. In his estimation, to restore a positive scenario for the asset, it needs to return above this mark. At the same time, he called the $67,500 level an important zone for holding the price.

Analyst A_F_X_A_F_X characterized the situation as a large-scale forced closure of long positions rather than a gradual market decline. According to his estimate, almost 90% of liquidations totaling about $1.23 billion were longs. He also noted that $70,000 turned from a support level into resistance, and $65,000 could become the market's next potential area of focus.

Among the nearest macroeconomic factors, the analyst highlighted the publication of the US Producer Price Index (PPI), which, in his opinion, could influence the stabilization or further decline of the market.

Earlier, bitcoin closed a weekly candle below the 50-week moving average for the first time in seven weeks. Alex Thorn of Galaxy Digital then recalled two previous instances when, after a similar signal, the first cryptocurrency did not update the bear market low. This indicated that a breakdown of an important moving average does not necessarily mean the inevitable formation of a new price bottom.