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Bitcoin drops below $70K and Ether falls under $2K amid $680M crypto futures selloff

Market News
13 Nov 2026, 05:46 WIB
Tokenpost
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Bearish
Bitcoin drops below $70K and Ether falls under $2K amid $680M crypto futures selloff

Bitcoin fell below $70,000 and Ether traded under $2,000 as a sharp selloff hit the crypto market. Over the past 24 hours, $680.81 million in crypto futures were liquidated, with Bitcoin positions accounting for nearly half at $325.28 million. Liquidations occur when leveraged trades are forcibly closed due to insufficient margin, indicating strong selling pressure and forced exits. This decline highlights increased volatility and risk in crypto trading, potentially signaling further market weakness ahead.

Bitcoin trades at Rp1.254.650.121 on Pluang, down 6.07% as of Nov 13, 2026 11:02 WIB. The market shows a 27% sell order activity, indicating some selling pressure. Typical hold time for Bitcoin on Pluang is 113 days, suggesting many investors remain patient despite volatility.

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