Bitcoin traded near $66,900 on Saturday, down almost 12% over the week and about 47% below the record high of $126,080 it set in October 2025. The move followed a break below its 200-week moving average near $68,000 on Friday, and the weekly candle has not closed.

  • The news: Bitcoin fell below its 200-week moving average near $68,000 on Friday and touched $66,789 on Coinbase that evening, a level last seen on Oct. 17.
  • The figure: US spot bitcoin ETFs lost roughly $1.44 billion over five trading sessions through Nov. 11, according to SoSoValue, while Coinglass-tracked liquidations ran to about $1.5 billion in 24 hours, most of it long positions.
  • What's next: US markets and daily ETF flow data return on Monday; below Friday's low, the next levels are the Aug. 19 close of $64,686 and the July 1 low of $58,566.

The 200-Week Average Breaks Near $68,000

Bitcoin fell below its 200-week moving average near $68,000 on Friday. Readings of the line differ by a few hundred dollars: one puts it at $67,992, and another at $67,750 calculated from Bitstamp weekly closes between Jan. 15, 2023 and Nov. 8, 2026. Because the weekly candle is still open, the break is not yet confirmed on a closing basis.

Over the prior 24 hours the daily range ran from $72,091 down to $67,922. On Nov. 13, bitcoin fell below $70,000 for the first time since August, dropping 6.7% over 24 hours as longs were force-closed. Coinglass listed bitcoin at $67,097.9, down 2.41%, with $240.46 million of 24-hour long liquidations against $38.90 million of shorts.

ETF Outflows Pass $1 Billion

SoSoValue data put US spot bitcoin ETF outflows at roughly $1.44 billion across five trading sessions through Nov. 11. Farside Investors recorded $299.8 million of net outflows on Nov. 11 alone, of which $269.7 million came from BlackRock's iShares Bitcoin Trust. Glassnode counted $1.6 billion of net outflows from the same funds across a wider 20-session window, and year-to-date flows turned negative at about $914 million after the week ending Nov. 7.

BlackRock's IBIT alone saw more than $1.2 billion of withdrawals in the week to Nov. 11. Cumulative net inflows since the funds' January 2024 launch remain positive at about $55.1 billion, and the funds hold roughly 1.25 million BTC, with assets under management near $93.7 billion.

The stablecoin base is shrinking too. Glassnode counted a $14.2 billion fall in the combined supply of major stablecoins over the 30 days to Nov. 9, the fastest contraction since June 2022. DefiLlama put stablecoin capitalization at $289.81 billion, down 4.57% over 30 days.

Liquidations Cluster on Longs

Coinglass figures cited on Nov. 13 put 24-hour leveraged crypto liquidations at $1.47 billion, of which $1.31 billion were longs, about 89% of the total. A separate tally the same week put the figure at $1.5 billion, with about $1.3 billion long, and another at more than $900 million of bitcoin positions alone. More than 175,000 traders were hit, and the single largest position, about $31.09 million, was a long on Hyperliquid triggered near $72,250.

Ethereum saw around $120 million of liquidations in the move and Solana about $23 million. Elsewhere on Friday, Ether briefly slipped below $2,000 and traded at $1,950.60, down 4.46% in 24 hours; BNB fell 4.69% to $638.75, XRP dropped 2.82% to $1.018 and Solana declined 3.06% to $80.37, per CoinGecko data timestamped 11:13 UTC on Nov. 13.

Glassnode also put only about 35% of short-term holder coins in profit as of Nov. 11, and K33's head of research, Vetle Lunde, noted on that date that open interest in perpetual futures was rising while bitcoin's price fell.

Sentiment followed the price. alternative.me's Crypto Fear & Greed Index stood at 13 on Saturday, in "extreme fear" territory, down from 20 on Friday, 25 a week earlier and 53 a month earlier.

What the Weekend Leaves Behind

With Wall Street closed, bitcoin is trading without equity-market direction and daily ETF flow data, both of which return on Monday. Weekend order books thin out, so smaller sales can move the price more sharply in either direction.

To the upside, the first hurdle is the 200-week line near $68,000, then the $70,000 round number and the 200-day average around $73,000. The 50-day average near $80,200 remains far out of reach.

Below, Glassnode places a cluster of earlier purchases between $62,000 and $66,000. The last lower daily close was Aug. 19 at $64,686, before a rally carried bitcoin above $83,000 in early October. The July 1 low of $58,566 is the most important threshold on a yearly view, and a break there would leave bitcoin at its weakest in more than a year.

Macro is working against a rebound. October consumer inflation rose 0.4%, above the 0.3% forecast, while monthly producer prices rose 0.3%, below the 0.4% expected. Year on year, US producer prices for October rose 6.5%, with the core measure up 4.9%.

The US Dollar Index climbed above 103, with the 10-year Treasury yield at 5.125% and the 30-year at 5.459%. Binance Research said total crypto market capitalization fell 9.1% in October to $2.70 trillion, citing hotter inflation and weaker AI-linked tech stocks.

Wallets holding between 100 and 10,000 bitcoin have been accumulating through the drop while smaller and larger holders cut positions, though that does not confirm a bottom.