Bitcoin price drops below $70,000 amid ETF outflows

Bitcoin price fell below $70,000 on November 13 amid net outflows from US spot Bitcoin ETFs and thin market liquidity. The same period saw heavy crypto liquidations, while a key sentiment gauge registered its lowest reading in more than four months.

What happened to the Bitcoin price

Bitcoin fell below the $70,000 level. The Block put BTC at $68,408 on November 13, a 7% daily decline and its lowest price since August 20. Cointelegraph reported a price of $68,607.23, down 9.2% over the previous week. Those figures reflect different reporting snapshots.

At 09:13 UTC, CoinGecko’s market data showed Bitcoin at $68,741, 6.2% lower over 24 hours. Its intraday range ran from $67,922 to $73,539. These are separate reported readings, not a single closing price.

The move came alongside a sharp deterioration in sentiment. Cointelegraph reported that the Crypto Fear & Greed Index registered 20 on November 13, its lowest reading in more than four months and the first time at that level since July 8. The index labels that reading “Extreme Fear.”

Background: ETF outflows and thin liquidity

Fund flows show sustained withdrawals, not just a single weak session. Farside Investors’ table recorded five straight net-outflow sessions for US spot Bitcoin ETFs from November 5 through November 11, totaling about $1.44 billion. Its November 12 figure was a preliminary $47.7 million outflow, with some fund data still missing.

BlackRock’s iShares Bitcoin Trust, known as IBIT, also faced a prolonged withdrawal streak. Farside data reported by Cointelegraph showed more than $2 billion in net outflows across nine trading sessions through November 11, including $269.7 million from IBIT on November 11. Earlier, The Block reported $1.28 billion in weekly ETF outflows in the week covered by its November 7 report, the worst weekly total since late June.

That history adds context to the current Bitcoin price move: ETF flows can reflect changing demand for regulated investment products, but they don’t by themselves explain every market trade. The flow figures record net fund activity but do not establish why Bitcoin fell.

Liquidity may have made the market more sensitive to selling. Talos’s November 12 report said Bitcoin order-book depth across selected spot markets fell to $72 million on November 9, about 33% below its recent baseline. Talos cautioned that this points to greater price sensitivity in thinner markets, but does not prove that low depth caused the decline.

Market reaction and the wider backdrop

Liquidations accompanied the move. The Block reported $1.47 billion in crypto-position liquidations during the 24 hours to November 13, including $1.31 billion in long positions. It said $798 million was liquidated in the preceding four hours.

Bitcoin’s losses extended across major tokens at 09:13 UTC. Ethereum was down 5.22% over 24 hours and Solana had fallen 3.37%, according to CoinGecko. Ethereum and Solana also posted 24-hour declines in the CoinGecko data.

Macroeconomic uncertainty is another part of the backdrop. The US Bureau of Labor Statistics said consumer prices rose 0.4% from September to October 2026, after a 0.6% increase the prior month. Market reports described the reading as hotter than expected and linked it to expectations of tighter Federal Reserve policy. The official October CPI release provides the underlying inflation data.

Cointelegraph quoted Giottus CEO Vikram Subburaj, who attributed Bitcoin’s weakness to institutional outflows, tighter crypto liquidity and expectations of a December Fed rate hike. The Block framed the decline amid Nvidia-related turmoil and Fed-driven market jitters. These are interpretations of a fast-moving market, not proof that any one factor caused the selloff. The reported liquidations and market concerns about leverage underscore the risks of trading crypto assets.

What to watch next

The next ETF flow updates will show whether withdrawals continued after the November 12 preliminary figure. Final totals matter because the reported number was incomplete, and a change in direction could alter how investors interpret the run of outflows. But one day of inflows or outflows would not, by itself, establish a lasting trend.

Bitcoin price action around the reported intraday low and the $70,000 level, alongside order-book depth and further liquidation totals, are possible indicators to monitor. If liquidity remains thin, large orders may have a stronger effect on prices; Talos’s report supports that sensitivity concern, not a prediction of direction.

Traders will also assess whether inflation data changes expectations for Federal Reserve policy. That link is uncertain and depends on further economic releases and policy signals. Readers should keep in mind that crypto assets can lose substantial value, and leveraged positions can be liquidated quickly.

FAQ

Why did the Bitcoin price fall below $70,000?

Reports pointed to ETF withdrawals, thinner order-book depth, leveraged liquidations and macroeconomic concerns. The available evidence does not identify one cause as solely responsible.

How much did Bitcoin ETFs lose in November?

Farside Investors recorded about $1.44 billion in net outflows across five sessions from November 5 through November 11. Its November 12 figure was a preliminary $47.7 million outflow.

What should readers watch in the Bitcoin price next?

ETF flow updates, market liquidity, liquidation data and new inflation or Federal Reserve signals may help explain changing conditions. None can reliably predict Bitcoin’s next move.

Sources

• Consumer Price Index News Release – 2026 M10 Results (www.bls.gov)
• Bitcoin slides below $70K amid thin liquidity, ETF outflows (Cointelegraph)
• Bitcoin tumbles below $69,000 as Nvidia turmoil adds to Fed-driven market jitters (www.theblock.co)

This article is for informational purposes only and does not constitute financial or investment advice. Cryptocurrencies are highly volatile; always do your own research before investing.