THE REAL REASONS BEHIND THE NOVEMBER 2026 CRYPTO CRASH
Bitcoin is approaching $70,000, and this is no longer just another ordinary correction.
Multiple forces are hitting the market simultaneously:$BTC
• Institutional ETF outflows
• Massive leveraged liquidations
• Inflation concerns
• Federal Reserve rate expectations
• Technology stock weakness
• Declining investor risk appetite
I analyzed CoinMarketCap, CoinGecko, CoinGlass, ETF flow data, derivatives positioning, and the latest macroeconomic developments.
Here is what is actually happening.
1. BITCOIN IS DOWN MORE THAN 43% FROM ITS ALL-TIME HIGH
November 13, 2026:
• CoinMarketCap BTC price: approximately $70,815
• CoinGecko BTC price: approximately $71,416
• CMC market cap: approximately $1.42 TRILLION
• CMC 24-hour performance: -3.98%
• CoinGlass 7-day performance: -6.07%
• Previous ATH: approximately $126,198
• Current drawdown: approximately -43.7%
Bitcoin is now trading at levels significantly below its October 2025 peak.
2. INSTITUTIONAL MONEY IS LEAVING BITCOIN ETFs
US spot Bitcoin ETFs recorded FIVE consecutive days of net outflows.
November 5–11:
• November 5: -$430.2M
• November 6: -$411.9M
• November 9: -$201.0M
• November 10: -$95.0M
• November 11: -$299.8M
TOTAL: approximately $1.438 BILLION in net outflows.
Another alarming detail:
BlackRock’s IBIT recorded approximately $269.7M in outflows on November 11, marking its ninth consecutive outflow session.
Its cumulative outflows across those nine sessions reached approximately $2 BILLION.
This matters because spot ETFs are an important institutional access channel for Bitcoin.
When redemptions persist, ETF demand is no longer providing the same level of buying support.
3. NEARLY $681 MILLION IN CRYPTO POSITIONS LIQUIDATED
According to Coinglass data reported on November 13:
• Total crypto liquidations: $680.81M
• Long liquidations: approximately 88%
• Short liquidations: approximately 12%
• Bitcoin liquidations: $325.28M
• Ethereum liquidations: $106.07M
• Traders liquidated: 112,947
• Largest single liquidation: $31.09M
Bitcoin accounted for approximately $325M in liquidations, with 95.3% coming from LONG positions.
This is a classic leverage unwind.
Falling prices trigger margin calls, exchanges close leveraged positions, forced selling increases, and additional long positions become vulnerable.
This creates a liquidation cascade.
The decline is being amplified by forced selling, not just ordinary spot market activity.$BTC
