November 13 market overview: $BTC At 10:52 Beijing time, the price fell below $70,000, hitting a low of $67,568. The UTC daily candle closed at $68,314 (−4.40%), its lowest daily close since August 18. The Crypto Fear & Greed Index dropped to 13, its lowest since July 1. The U.S. Philadelphia Semiconductor Index fell 3.43%; AMD fell 8.75%; Nvidia dropped another 2.01% on the second trading day after its leadership change. The 10-year U.S. Treasury yield rose to 5.15%.
【Highlights】In the hour after Bitcoin broke below $70,000 (11:00–12:00 Beijing time), about $213 million in Binance futures long positions were liquidated, exceeding the $187 million for all of November 12. Long liquidations for the full day on the 13th totaled about $434 million (recorded minimum). Open interest in perpetual contracts fell from 101,152 to 98,389 coins, with some positions opened the previous day flushed out; funding rates remained positive throughout the day. The rebound to $70,214 during the 21:00 hour failed to hold. This week's weekly candle opened at $74,851 and closes at 08:00 Beijing time on November 16; a bearish close would make it six consecutive down weeks.
【Two Binance announcements】
- 00:54 Beijing time, November 13: Binance said it had fully replenished the assets affected by the security incident, using more than $6.34 billion in company funds, and published a new proof-of-reserves snapshot. Withdrawals are still being restored in batches.
- 19:30: The projected share count for the ANTHROPIC pre-listing contract was set at 13,116,075,288 shares. Binance will separately announce when the contract size is adjusted; its name will then change to ANTUSDT, with no impact on open positions.
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#BTC #Binance
【Highlights】In the hour after Bitcoin broke below $70,000 (11:00–12:00 Beijing time), about $213 million in Binance futures long positions were liquidated, exceeding the $187 million for all of November 12. Long liquidations for the full day on the 13th totaled about $434 million (recorded minimum). Open interest in perpetual contracts fell from 101,152 to 98,389 coins, with some positions opened the previous day flushed out; funding rates remained positive throughout the day. The rebound to $70,214 during the 21:00 hour failed to hold. This week's weekly candle opened at $74,851 and closes at 08:00 Beijing time on November 16; a bearish close would make it six consecutive down weeks.
【Two Binance announcements】
- 00:54 Beijing time, November 13: Binance said it had fully replenished the assets affected by the security incident, using more than $6.34 billion in company funds, and published a new proof-of-reserves snapshot. Withdrawals are still being restored in batches.
- 19:30: The projected share count for the ANTHROPIC pre-listing contract was set at 13,116,075,288 shares. Binance will separately announce when the contract size is adjusted; its name will then change to ANTUSDT, with no impact on open positions.
Follow me for a daily market overview every morning.
#BTC #Binance
