Bitcoin Crashes Below $69,000 as Extreme Fear Grips the Crypto Market

Bitcoin sinks into the red this Friday, November 13, 2026. After losing $70,000, BTC dropped to $67,809 on Binance, while CoinGlass records a low of $67,449 over 24 hours. Liquidations exceed $1.6 billion in the crypto market. The Fear & Greed index falls to 20 out of 100, entering extreme fear territory. Investors face a new wave of selling.

Bitcoin plunges below $69,000 and triggers liquidations

The drop accelerated overnight from Thursday to Friday. Bitcoin was still trading above $73,000 the day before, while Glassnode was already warning about the lack of liquidity and capital outflows. The thresholds then broke one after another.

At 3:11 UTC, Binance recorded bitcoin at $69,961, down 5.20% in 24 hours. Forty minutes later, the price fell to $68,975. At 5:56 UTC, it was worth only $67,809, a decline of 7.88% for the day.

CoinGlass also notes a low point of $67,449 on its 24-hour window. Bitcoin thus returns to levels abandoned for several months. The fall mainly affected investors using leverage.

According to CoinGlass, liquidations reached $1.64 billion over 24 hours during the November 13 report. Long positions represent $1.46 billion, compared to $182.75 million for short positions.

About 186,412 traders were liquidated. The largest individual liquidation amounted to $31.09 million on Hyperliquid. These forced closures amplify the movement. When a trader no longer holds enough collateral, their platform automatically closes their position. Additional selling can then lead to new liquidations. Nearly 89% of liquidated amounts concern long positions.

Bitcoin ETFs experience new outflows

Pressure does not only come from derivatives markets. US Bitcoin ETFs are also experiencing capital outflows. On November 10, funds were already undergoing four consecutive sessions of outflows.

The trend continued. According to data from Farside Investors, spot Bitcoin ETFs recorded $299.8 million in net outflows on November 11. BlackRock’s IBIT fund accounted for $269.7 million of outflows in this session.

On November 12, Farside still indicates $47.7 million in net outflows, based on data available at the time of consultation. Over these two days, the total reached $347.5 million in additional outflows.

Not all funds are affected in the same way. Morgan Stanley’s product continues to record some inflows, while BlackRock supports a significant share of outflows.

The market also lacks liquidity. In its November 11 report, Glassnode noted a contraction of $14.2 billion in the supply of stablecoins over thirty days. It was the fastest decline since June 2022.

The situation is becoming tricky for buyers. Fewer stablecoins available, ETFs losing capital, and long positions liquidated: several usual sources of demand weaken simultaneously. Bitcoin now trades about 45% below its all-time high of October 2025.

The crypto market shifts into extreme fear

Investor sentiment has deteriorated sharply. The Crypto Fear & Greed index from Alternative.me shows 20 out of 100 this Friday, down from 28 the day before. It is now in extreme fear territory. This indicator takes into account several data points, including volatility, trading volumes, and overall market sentiment.

Such a low value reflects strong investor concern, without necessarily signaling an immediate rebound. Other major cryptocurrencies are also retreating. Ethereum trades below $2,000, while Solana and BNB suffer significant losses. For bitcoin, the next levels are already monitored.

Glassnode had identified a buy order zone between $68,000 and $72,500. BTC has now crossed its lower boundary.

Lower down, liquidation clusters appear between $59,500 and $62,600. Their presence does not mean that the price will necessarily reach these levels. On the upside, $75,600 corresponds to the average acquisition cost of short-term holders. Returning above this threshold could improve their situation.

The current pessimism is not new. Cointribune had already documented the rise of fear around Bitcoin, Ether, and XRP before this latest acceleration. The drop below $68,000 now increases pressure on buyers. A rebound remains possible, but the return of capital and stabilization of liquidations will be necessary to regain a less fragile market.