Markets

Bitcoin Drops Below $70,000 as $870 Million in Long Positions Liquidated

November 13, 2026, 11:58 AM UTC (3 hours ago) · 1 source · Summarized by CryptoBipto

Bitcoin's price fell below the $70,000 level, triggering approximately $870 million in liquidations of long (buy-side) positions across crypto derivatives markets. The sharp decline forced traders who had placed leveraged bets on rising prices to have their positions automatically closed.

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When people trade crypto, some use "leverage," which means borrowing money to make bigger bets.

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SOURCES

cryptoslate.com

BTCBitcoin PriceLiquidationsLeverage TradingDerivativesMarket Volatility

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