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Bitcoin hits 3-month low as forced selling wipes $60B from crypto market in hours

13 Nov 2026, 13:01 WIB
Crypto Daily
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Bearish
Bitcoin hits 3-month low as forced selling wipes $60B from crypto market in hours

Bitcoin fell to its weakest level in three months, dropping below key averages and triggering forced liquidations that erased about $60 billion from the crypto market in just four hours. The selloff was driven by leveraged traders exiting positions, outflows from US Bitcoin ETFs, and rising Treasury yields amid inflation concerns. Bitcoin now trades below its 50-day and 200-day moving averages, signaling a downtrend with key support near $63,000 that will test if the liquidation wave has ended. Investors watch closely to see if buyers step in or if the price will drop further, with potential relief bounces possible but sellers currently maintaining control.

Bitcoin is currently priced at Rp1.264.986.800 on Pluang, showing a 5.01% decline over the past day. As of Nov 13, 2026 18:21 WIB, the platform records a market cap of Rp25.380,1T and a 24-hour trading volume of Rp850,19T, with most users holding their positions for about 113 days.

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