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Bitcoin falls below $70K amid $455M liquidations and weak market demand

Market News
13 Nov 2026, 19:00 WIB
AMBCrypto
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Bearish
Bitcoin falls below $70K amid $455M liquidations and weak market demand

Bitcoin's price dropped below $70,000 following over $455 million in liquidations, mostly from long positions. The crypto market is experiencing extreme fear with total liquidations exceeding $856 million, including significant losses in Ethereum and other assets. Weak demand, institutional outflows, and cautious market sentiment, especially after US midterm elections, are pressuring Bitcoin's recovery. Despite some signs of renewed spot demand, overall futures selling and ETF withdrawals suggest continued downside risks.

Bitcoin trades at Rp1.250.283.979 on Pluang, down 4.17% as of Nov 14, 2026 00:22 WIB. Ethereum also fell 3.65% to Rp35.112.736. Pluang users show 73% buy activity in Bitcoin and 83% in Ethereum, with typical hold times over 100 days.

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