{"id":251051,"date":"2026-11-13T04:46:32","date_gmt":"2026-11-13T04:46:32","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=251051"},"modified":"2026-11-13T04:46:32","modified_gmt":"2026-11-13T04:46:32","slug":"bitcoin-price-dumps-below-69k-as-liquidations-top-1-4b-xrp-and-eth-bleed-heavy","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=251051","title":{"rendered":"Bitcoin Price Dumps Below $69K as Liquidations Top $1.4B: XRP and ETH Bleed Heavy"},"content":{"rendered":"

Whether it\u2019s the broader market\u2019s turbulence spreading into crypto or intensifying pressure on the macro front, the reality is that bitcoin has been in a freefall state for a while now, which culminated minutes ago with a massive drop below $69,000 for the first time in almost two months.<\/p>\n

With the altcoins copying BTC\u2019s major leg down, the total value of liquidated positions has skyrocketed to $1.4 billion on a 24-hour scale. Longs continue to dominate.<\/p>\n

BTC Tanks Hard Again<\/h2>\n

It was just last Wednesday when the primary cryptocurrency tapped $81,000 after the Democratic sweep in the midterms. Since then, though, the bears have been in complete control. At first, they pushed the asset down to under $76,000 just 24 hours after that spectacular rise above $80,000. A few relatively calm days followed, with bitcoin trading sideways between $75,000 and $76,000.<\/p>\n

The current business week began with another leg down, this time to under $74,000. The cryptocurrency managed to stand still for a bit, but the selling pressure intensified once again on Tuesday after the CPI reading, and it slipped<\/a> below $73,000.<\/p>\n

Wednesday was a rebound-attempt day, with bitcoin jumping to almost $75,000. The rejection was quite painful. At first, BTC returned<\/a> to $73,000 before the Jensen Huang resignation<\/a> news and the growing tension in the Middle East drove it to $71,000. The landscape has worsened<\/a> further over the past few hours, with BTC plunging first below $70,000 and then $69,000 to mark a multi-month low.<\/p>\n

<\/a>BTCUSD November 13. Source: TradingView<\/p>\n

ETH continues to be deep in the red, with another 6% decline driving it to $1,925 as of now. XRP dipped to $1.00 but has remained just $0.01 above that level for now. SOL, ZEC, DOGE, XMR, and WBT have all marked massive losses of more than 6% in the past 24 hours alone.<\/p>\n

Longs Get Crushed<\/h2>\n

There\u2019s no way to sugarcoat the liquidation data, as CoinGlass points to over $1.4 billion in wrecked positions in the past 24 hours. $1.26 billion out of that total was from longs, and only $155 million from short positions. Bitcoin leads the pack with a massive lead, $742 million compared to ETH\u2019s $250 million.<\/p>\n

The single-largest liquidation order is still the one we reported on yesterday at $31.09 million on Hyperliquid. The total number of wiped-out traders, though, has risen to over 170,000.<\/p>\n

<\/a>Liquidation Data on CoinGlass<\/p>\n

The post Bitcoin Price Dumps Below $69K as Liquidations Top $1.4B: XRP and ETH Bleed Heavy<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

Whether it\u2019s the broader market\u2019s turbulence spreading into crypto or intensifying pressure on the macro front, the reality is that bitcoin has been in a freefall state for a while now, which culminated minutes ago with a massive drop below $69,000 for the first time in almost two months. With the altcoins copying BTC\u2019s major […]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-251051","post","type-post","status-publish","format-standard","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/251051"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=251051"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/251051\/revisions"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=251051"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=251051"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=251051"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}