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Bitcoin drops below $70K triggering $622M in liquidations in four hours

13 Nov 2026, 05:46 WIB
Crypto Briefing
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Bearish
Bitcoin drops below $70K triggering $622M in liquidations in four hours

Bitcoin fell below $70,000 to an intraday low of $68,943, causing $622 million in liquidations within four hours, mostly impacting leveraged long traders. The sharp decline was driven by a chain reaction of forced sell-offs, exacerbated by risk-off sentiment and $2 billion in ETF outflows over three weeks. Ethereum and Solana also faced significant liquidations, showing the broader market deleveraging. Investors should watch ETF flows and how altcoins perform relative to Bitcoin going forward.

Following the sharp drop in Bitcoin below $70,000 and the resulting liquidations, Bitcoin on Pluang trades at Rp1.254.650.121 with a 6.07% decline as of Nov 13, 2026 11:02 WIB. Ethereum and Solana also show notable decreases, priced at Rp35.223.641 and Rp1.430.268 respectively, down 5.34% and 5.21% in the same period. The market shows a strong buy interest on Pluang, with 73% of Bitcoin orders and 83% of Ethereum orders being buys, indicating ongoing investor engagement despite volatility.

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