Key Takeaways
- • Bitcoin fell below $70,000 and Ether traded under $2,000 as a sharp selloff hit crypto markets, according to Pluang's market summary dated November 13, 2026.
- • Roughly $680.81 million in crypto futures were liquidated over the prior 24 hours, with Bitcoin positions accounting for $325.28 million, nearly half of the total.
- • Bitcoin traded at Rp1,254,650,121 on Pluang, down 6.07% as of 11:02 WIB on November 13, 2026, with 27% sell-order activity indicating ongoing selling pressure.
- • Separate reports cited an intraday low of $68,943 and $622 million in liquidations within four hours, mostly from leveraged long positions, pointing to a chain reaction of forced sell-offs.
- • Ether at $1,954.70 (down 4.62%) and Solana at $78.93 (down 4.95%) also declined, with Bitcoin posting the largest percentage drop among major cryptocurrencies.
Summary
Bitcoin fell below $70,000 and Ether traded under $2,000 as a sharp selloff swept through the crypto market, according to Pluang. Over the prior 24 hours, $680.81 million in crypto futures were liquidated, with Bitcoin positions making up $325.28 million of that total. Liquidations occur when leveraged positions are forcibly closed because margin is insufficient, and the scale of the figure points to strong selling pressure and forced exits.
Pluang's platform showed Bitcoin at Rp1,254,650,121 as of 11:02 WIB on November 13, 2026, down 6.07%. Sell-order activity stood at 27%, reflecting continued selling pressure. The platform also reported a typical Bitcoin hold time of 113 days, suggesting that many investors have remained patient through the volatility.
Other market reports from the same period describe the decline in more detail. Bitcoin fell to an intraday low of $68,943, triggering $622 million in liquidations within four hours, mostly among leveraged long traders. One report attributed the move to a chain reaction of forced sell-offs amplified by risk-off sentiment. Another reported Bitcoin down 6.2% over 24 hours to $69,119, with Ether down 4.62% to $1,954.70 and Solana down 4.95% to $78.93. Bitcoin recorded the largest percentage drop among the major cryptocurrencies.
The event highlights elevated volatility and leverage risk in crypto derivatives. The concentration of liquidations in long positions, and the forced nature of those exits, suggests further near-term weakness is possible, though the sources do not offer a forecast beyond that assessment.
Pluang's platform showed Bitcoin at Rp1,254,650,121 as of 11:02 WIB on November 13, 2026, down 6.07%. Sell-order activity stood at 27%, reflecting continued selling pressure. The platform also reported a typical Bitcoin hold time of 113 days, suggesting that many investors have remained patient through the volatility.
Other market reports from the same period describe the decline in more detail. Bitcoin fell to an intraday low of $68,943, triggering $622 million in liquidations within four hours, mostly among leveraged long traders. One report attributed the move to a chain reaction of forced sell-offs amplified by risk-off sentiment. Another reported Bitcoin down 6.2% over 24 hours to $69,119, with Ether down 4.62% to $1,954.70 and Solana down 4.95% to $78.93. Bitcoin recorded the largest percentage drop among the major cryptocurrencies.
The event highlights elevated volatility and leverage risk in crypto derivatives. The concentration of liquidations in long positions, and the forced nature of those exits, suggests further near-term weakness is possible, though the sources do not offer a forecast beyond that assessment.
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