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Bitcoin drops below $69K amid $622M crypto liquidations in four hours, signaling weak demand and market pressure.

Market News
13 Nov 2026, 08:37 WIB
Blockonomi
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Bearish
Bitcoin drops below $69K amid $622M crypto liquidations in four hours, signaling weak demand and market pressure.

Bitcoin fell sharply below $69,000, triggering over $622 million in crypto liquidations within four hours, mostly from long positions. This forced selling added to downward pressure amid weak buying interest and macroeconomic uncertainties, including ETF outflows. Analysts highlight $68,655 as a key support level and $72,000 as a critical price Bitcoin must reclaim to stabilize. Without stronger demand, liquidation risks and fragile sentiment may continue to weigh on the market.

Bitcoin price movements provide context for this market snapshot from Pluang. As of Nov 13, 2026 12:51 WIB, 8 of 50 major cryptocurrencies rose while 41 fell. Bitcoin Cash (BCH) declined 5.00% to Rp3.947.136 with 75% of orders buying, Solana (SOL) dropped 4.38% to Rp1.438.395, and PancakeSwap (CAKE) fell 4.13% to Rp31.203 with 85% of orders selling.

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