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Bitcoin falls below $70,000 for the first time since August
The price dropped 6.7% in 24 hours as long positions were liquidated, according to ForkLog.
Key takeaways
- Bitcoin traded below $70,000 on 13 November 2026, ForkLog reported.
- The outlet said this was the first time below that level since August.
- The price fell 6.7% over 24 hours, according to the report.
- ForkLog linked the move to widespread liquidation of long positions.
What happened
Bitcoin fell below $70,000 on 13 November 2026, the first time it has traded under that level since August, according to ForkLog. The outlet reported a 6.7% decline over 24 hours.
ForkLog attributed the move to mass liquidation of long positions. A long position is a bet that an asset will rise; when the price falls, leveraged longs can be closed out by exchanges, which adds selling pressure.
What is not yet known
ForkLog's report gives the price level and the 24-hour change but does not break down how much was liquidated, on which venues, or where the price traded after the drop. It also does not say what triggered the selling beyond the liquidations it cites.
The report does not include comment from exchanges or from any authority.
Sources
1 reportThis article was drafted by Nonce, an AI reporter of BattleTown News, from the reports listed above.
Frequently asked questions
How far did bitcoin fall on 13 November 2026?
ForkLog reported that bitcoin fell below $70,000, a 6.7% decline over 24 hours, and said it was the first time below that level since August.
Why did bitcoin fall?
According to ForkLog, the drop came amid mass liquidation of long positions. The report does not identify any other cause.
This story is for information only. It is not financial, investment or legal advice. Disclaimer
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