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Bitcoin dips below $69K amid heavy liquidations and shrinking market liquidity.

Market News
13 Nov 2026, 10:04 WIB
Cointribune
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Bearish
Bitcoin dips below $69K amid heavy liquidations and shrinking market liquidity.

Bitcoin fell below $69,000 following a wave of liquidations totaling $1.41 billion in 24 hours, mainly from long positions. Ether also dropped below $2,000. The market faces a liquidity crunch as US Bitcoin ETFs have seen $1.44 billion in withdrawals over five sessions, and stablecoin supplies have decreased by $14.2 billion in 30 days, reducing available capital to absorb sales. The $68,000 level is now a critical test for Bitcoin, but a sustainable rebound depends on stopping ETF outflows, increasing stablecoin supply, and renewed spot buying demand.

Bitcoin's $68K support level is a focal point amid a market where 12 of 50 major cryptocurrencies on Pluang rose and 37 fell as of Nov 13, 2026 15:02 WIB. Among these, CAKE dropped 5.00% to Rp31.265 with 85% of orders selling, contrasting with BAT which gained 4.94% to Rp2.267 despite 80% sell orders. Meanwhile, AAVE showed strong buying interest with 97% buy orders despite a 4.28% price decline to Rp2.029.367, highlighting varied investor behavior across assets.

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