Bitcoin below $70,000 for the first time since August: more than $1.2 billion liquidated and Polymarket prices a dip to $65,000 at 45.5%
TASS, citing Binance data, timed the first print under $70,000 at 2:52 a.m. GMT, when bitcoin traded at $69,900, and called it the first break of that level since August 20. CoinDesk described about $69,000 as the lowest since August 19. The move extends Thursday's fall through $72,000, which we covered in our report on the $656 million liquidation wave. At 10:58 UTC on Binance, ether traded at $1,953.33, down 4.51% in 24 hours, solana at $80.53, down 2.95%, and XRP at $1.0231, down 2.60%.
What the market is pricing
Polymarket's price-path contracts pay out if bitcoin touches the named level before the deadline. Prices are bid and ask midpoints.
| Polymarket contract | Price (Yes) | 24h change | Read (UTC) |
|---|---|---|---|
| Dip to $67,500 in November | 68.5% (bid 68, ask 69) | +37.5 pts | 10:59 |
| Dip to $65,000 in November | 45.5% (bid 45, ask 46) | +27 pts | 10:59 |
| Dip to $62,500 in November | 25.5% (bid 25, ask 26) | +14 pts | 10:55 |
| Dip to $60,000 in November | 13.5% (bid 13, ask 14) | +7 pts | 10:59 |
| Dip to $66,000, week of Nov 9 to 15 | 15.65% (bid 15, ask 16.3) | +14 pts | 10:59 |
Binance's 24-hour low of $67,568.00 stopped $68 short of $67,500, which is why that contract sits near 68% instead of settling. When our desk read the same markets at 03:48 UTC, minutes after the break, the $65,000 contract stood at 48.5% and the $67,500 contract at 75.5%, so both have eased slightly. Our earlier article on the $70,000 market explains how these touch contracts settle.
Where the liquidations came from
CoinDesk reported more than $1.2 billion of crypto futures positions liquidated over 24 hours on CoinGlass data, with $677 million in bitcoin and nearly $500 million wiped out as price fell through $70,000. crypto.news, reading the same source, counted about $1.23 billion across more than 151,000 traders, and of roughly $677.5 million in bitcoin liquidations, about $653.5 million were longs. Later snapshots cited by Cryptoticker ran as high as $1.62 billion. The total around the break was close to double Thursday's $656 million.
Why it broke: dollar, rates and fund flows
CoinDesk tied the break to a US Dollar Index above 103, its highest since April 2025, and to rising odds of Federal Reserve tightening after a hotter October inflation report. On BetG8's Fed rate decision odds page, a quarter-point hike on December 9 was priced at 88.5% on both Kalshi and Polymarket at 10:58 UTC, with a move of 50 basis points or more at 9.2% and 10.5%. The 10-year Treasury yield reached 5.14%, a three-week high, according to TradingView News.
Fund flows add to the pressure. Farside data cited by crypto.news showed $299.8 million of net withdrawals from US spot bitcoin ETFs on November 11, $269.7 million of it from BlackRock's IBIT, for about $1.44 billion over five sessions. Cryptoticker reported a preliminary $47.7 million outflow for Thursday, with BlackRock and Fidelity still to report.
Funding: leverage cut, not flipped
On BetG8's live crypto funding rates page, BTC perpetual funding on Hyperliquid read +11.0% annualized (0.0013% per hour) at 10:58 UTC, which is the exchange's baseline rate. BTC open interest was $2.70 billion, compared with $2.81 billion at 18:19 UTC on Thursday. Positions have been closed, but funding has not turned negative, so the data shows no crowded short side yet.
What to watch next
First, the $67,500 level on Binance, which the low nearly touched. Second, October producer prices at 13:30 UTC on Friday, the last major inflation release before the December 9 Fed decision. Third, final ETF flow data for Thursday, which would make six straight days of outflows if it stays negative. Polymarket's weekly bitcoin contracts close at 05:00 UTC on November 16.
Method and limits
Spot prices are Binance 24-hour ticker readings at 10:58 UTC on November 13, 2026. Polymarket prices come from the public Gamma API, with market timestamps of 10:59 UTC, or 10:55 UTC for the $62,500 contract. Liquidation totals are CoinGlass figures as reported by CoinDesk, crypto.news and Cryptoticker, and they differ by snapshot time. Funding is Hyperliquid only, from BetG8's live page. Prices are not forecasts, and nothing here is investment advice.
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Frequently asked questions
Is bitcoin below $70,000?
Yes. BTCUSDT traded at $69,393.94 on Binance at 10:58 UTC on November 13, 2026, down 5.55% in 24 hours, with a 24-hour low of $67,568.00. TASS and CoinDesk both describe it as the lowest level since August.
How much was liquidated when bitcoin fell below $70,000?
CoinGlass figures cited by CoinDesk and crypto.news showed more than $1.2 billion in 24-hour crypto futures liquidations around the break, about $677 million of it in bitcoin. Later snapshots cited by Cryptoticker ran as high as $1.62 billion.
Will bitcoin fall to $65,000?
At 10:59 UTC on November 13, 2026, Polymarket priced a dip to $65,000 before the end of November at 45.5% and a dip to $60,000 at 13.5%. These are market prices, not predictions.
Sources
- CoinDesk, Bitcoin dips below $70,000 as Dollar Index hits 19-month high
- TASS, Bitcoin falls below $70,000 for first time since August 20
- crypto.news, Bitcoin price crashes below $70K as crypto liquidations hit $1.2B
- Cryptoticker, Crypto news, November 13: bitcoin down 6%, over $1.3 billion liquidated
- TradingView News, 10-year yield hits 5.14%
- Polymarket, What price will Bitcoin hit in November?, read 10:59 UTC, November 13, 2026
- Binance, BTCUSDT spot, read 10:58 UTC
18+ only. This page reports market prices and published facts; it is not betting, financial or legal advice, and prices are not predictions. If gambling stops being fun, help is available at 1-800-GAMBLER.