Bitcoin and Ethereum Drop to August Lows, Triggering $599M in Long Liquidations
Bitcoin and Ethereum fell to nearly three-month lows, forcing $599 million in leveraged long positions to close over 24 hours.
Bitcoin and Ethereum fell to nearly three-month lows, forcing $599 million in leveraged long positions to close over 24 hours. Bitcoin (BTC) is trading at ₹64,71,526 ($68,783.00), down 0.6% since this brief published. This is an original Token Times brief synthesising 2 outlets (BeInCrypto, Crypto.news), plus live market data, as of Fri, 13 Nov 2026 08:45:01 UTC.
The selloff shows how leveraged crypto positions can amplify market declines, with traders bearing $599 million in losses while broad sentiment registered extreme fear.
- $599 million in crypto long positions were liquidated over 24 hours
- Longs accounted for 88% of $680.81 million in total liquidations
- Bitcoin fell 5.89% over 24 hours and 8.68% over seven days
- Ethereum dropped 5.07% over 24 hours and 12.78% over seven days
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- Bitcoin and Ethereum Drop to August Lows, Triggering $599M in Long Liquidations — this brief
BeInCrypto reported that crypto traders holding long positions lost $599 million over a 24-hour period as 
Bitcoin and 
Ethereum declined to their lowest levels in nearly three months. The liquidations followed a broad downturn that pushed both assets toward August lows.
CoinGlass data cited by BeInCrypto put total crypto liquidations at $680.81 million during the period. Long positions represented 88% of that total, indicating that upward bets were responsible for the overwhelming majority of forced closures. The same report said Friday’s US producer-price data could become a key market catalyst, although it did not provide the outcome of that release.
The live data showed Bitcoin trading at $69,196, down 5.89% over 24 hours and 8.68% over seven days. Its market capitalization stood at $1.39 trillion. Ethereum was also under pressure at $1,942.09, with a 24-hour decline of 5.07% and a larger seven-day loss of 12.78%; its market capitalization was $237.41 billion.
The total crypto market capitalization was $2.39 trillion as the broader market moved lower. The Fear and Greed Index stood at 20, categorized as extreme fear. Bitcoin accounted for a substantial share of the market, while Ethereum’s steeper weekly decline showed that the selloff extended beyond the largest digital asset. The contrast between the 88% share of liquidations coming from longs and the extreme-fear reading highlights the scale of positioning and sentiment stress surrounding the decline.
Since this brief published about 7 hours ago, Bitcoin (BTC) has moved from ₹65,10,383.57$69,196.00 to ₹64,71,526.00$68,783.00 — -0.60%.
The chart plots BTC's price: grey is the move before this brief published, the vertical dashed line marks the moment it published, the horizontal dashed line is the price then, and the coloured area is the move since — from Token Times's market data (daily resolution). It shows what happened after the news, not that the news caused it; many factors move prices. Not financial advice.
Will Bitcoin dip to $60,000 by December 31, 2026?
Crowd-implied probability on Polymarket, ₹8.08M 24h volume, resolves Jan 1 — snapshotted when this brief published (Nov 13 07:05 UTC). A market price reflects what traders collectively expect; it is not a forecast by Token Times and will have moved since. View the market ↗
At today's peer-to-peer rate, 1 BTC ≈ ₹6.86M (about $68,783.00), down 6.4% over 24 hours. The rupee itself trades about 5.9% above the official rate on the P2P market, so a Indian buyer's effective cost differs from the headline dollar price.
Live market data
Current prices for the assets in this story — live, source-stamped, updated every 15 minutes.
Bitcoin and Ethereum Drop to August Lows, Triggering $599M i — questions & answers
How much was liquidated in crypto long positions?
BeInCrypto reported $599 million in long-position losses over 24 hours. CoinGlass data cited in the report showed $680.81 million in total crypto liquidations.
What share of liquidations involved longs?
Longs represented 88% of the $680.81 million in total crypto liquidations, according to CoinGlass data cited by BeInCrypto.
How did Bitcoin and Ethereum perform?
Bitcoin fell 5.89% over 24 hours to $69,196, while Ethereum declined 5.07% to $1,942.09. Over seven days, their losses were 8.68% and 12.78%, respectively.
How much is 1 Bitcoin worth in rupee today?
About ₹6.86M at the live peer-to-peer (P2P) USDT rate, which is what Indians typically trade at — equivalent to roughly $68,783.00. The rupee price moves with both BTC's US-dollar price and the USDT/INR rate; use our Bitcoin in rupee page for any amount.
Has Bitcoin's price moved since this brief was published?
BTC is down 0.60% since this brief first published — trading at ₹64,71,526 ($68,783.00) now versus ₹65,10,384 ($69,196.00) at publication. Token Times re-checks this figure against CoinGecko and Binance every 15 minutes.
Which outlets reported this story?
This is an original Token Times brief that synthesises reporting from BeInCrypto, Crypto.news, with the key figures cross-checked for agreement across them. It is not a copy of any one article — follow the source links above for the original reporting.
Original summary — not financial advice. This is an original Token Times brief that summarises a development reported elsewhere and adds live market data for context; it is not the original article and reproduces no part of it. Follow the source link above for full details. Crypto is volatile and high-risk — always do your own research.