Bitcoin Falls to $69K as MARA Holdings Sells 13,597 BTCs for $1.1bn
Bitcoin (BTC) price plunged 5.05% to $69,115.57 after Mara Holdings disclosed a $1.1 billion sale of 13597 coin, falling faster than the broader crypto market, which lost 3.54%.
Reports tied the selloff to inflation and Treasury yield concerns, raising fears of further Federal Reserve rate hikes. Bitcoin also saw a reported $592 million net outflow in a 24-hour flow snapshot, adding to pressure on demand.
These factors provide a plausible backdrop, but the available data does not establish one single cause for the move. As BTC broke below $70,000, leveraged long positions were forcibly closed, adding more sell orders.
Bitcoin is down 8.92% over seven days and trades below its daily moving averages, indicating weak short-term structure. If it reclaims $70,000, it could test $72,000; a break below $68,500 risks $64,000–$67,000.
The November 13 US PPI release could shift rate expectations and volatility. Selling pressure remains in control unless BTC recovers key levels; a rebound is possible, but not confirmed.
Macro concerns and reported ETF outflows likely weighed on demand, while liquidations deepened the fall. Bitcoin also underperformed the broader market.
Bitcoin remained below the short-term holder realised price of $75,429 for a fifth day. At the time of the report, BTC was about $68,608, leaving this group with an estimated 10% paper loss.
MARA reported selling 13597 BTC in 2026 for roughly $1.1 billion across transactions on different dates and at different prices. It said the proceeds supported operations, debt reduction, and infrastructure plans; it also repaid $750 million in Bitcoin-backed loans in full.
Traders said this is a cautionary signal for miner treasury demand, since sales add potential supply. However, the report ties these sales to company financing needs, not evidence of a broader wave of forced selling.
A separate report put BTC futures liquidations at $912.53 million over 24 hours, including $870.24 million in long positions. Bitcoin’s reported range was $67,449 to $73,659.40.
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