Bitcoin below $70,000: 1.2 billion liquidations, the 3 figures in the morning

Third floor in three days. Bitcoin fell below $70,000 overnight from Thursday to Friday and hit $68,500 on Binance, its lowest level since August 19. Twenty-four hours earlier, it broke $72,000, leaving $656 million in liquidations behind. This Friday, November 13 around 6 a.m., it is trading around $69,000, down 6% for the day and 9% for the week. Here are the three numbers to know before opening your charts.

The key points of this article:

The price touched $68,500 overnight, a nearly three-month low.

CoinGlass has $1.23 billion in positions closed in 24 hours, at 88% on the buy side.

The dollar index exceeds 103, its highest since April 2025.

The Fear & Greed Index has dropped to 19, in the extreme fear zone.

$1.23 billion: the bill for Bitcoin liquidations overnight

Did you have a long 10 lever open at $72,000? He jumped. A liquidation is the exchange automatically closing a leveraged position when the losses have eaten up the guarantee deposited by the trader. And last night, the mechanics were running at full speed.

According to CoinDesk, which cites CoinGlass, the platforms settled $1.23 billion in contracts in 24 hours, including 1.09 billion bullish bets against 144 million bearish bets. More than 151,000 traders have seen at least one position closed. Bitcoin alone weighs 677 million of the bill, ether 191 million.

The most violent happened in a few minutes. Nearly $500 million disappeared at the precise moment the price fell below $70,000, a sign of a market loaded with leverage just above that threshold. The largest liquidated position remains a long $31 million on Hyperliquid, the same order as that already noted Thursday afternoon.

Dollar index at 103: why Bitcoin stalls when the greenback climbs

The dollar is the second number in the morning. The DXY, which measures the greenback against a basket of major currencies, rose above 103 overnight. Unseen since April 2025. The index has gained almost 2% since the beginning of October.

The reason lies in US inflation for October, published on Tuesday and hotter than expected. Markets are no longer betting on a Fed rate cut in December but on an increase, and some contracts now include half a point. A strong dollar and rising rates mean less liquidity for risky assets. Bitcoin has lost 17% since the start of the quarter.

Geopolitics has added its layer. Iran's Revolutionary Guards claimed to have destroyed a US early warning radar in Bahrain, in response to a strike on a telecommunications tower in Sirik. WTI crude remains around $88 per barrel. For a crypto reader, this context matters less than the flows: it explains the timing of the breakout, not its magnitude.

Fear & Greed at 19: what bitcoin is missing to bounce back

The third number measures mood. The Fear & Greed index fell to 19 this morning, in the extreme fear zone. Historically, these levels have often preceded rebounds. But a rebound requires buyers, and that's precisely what's missing.

US spot Bitcoin ETFs lost $1.44 billion in five sessions, including $299.8 million on Wednesday. The mass of stablecoins, the market's cash reserve, has melted by 14.2 billion in thirty days. Bitcoin also lost its 200-day moving average, around $73,200, the trend marker most followed by managers.

Chart-wise, CoinGlass' liquidation heatmap places the next support near $68,000, a breath away from the overnight low. To give the bulls some breathing room, it would be necessary to regain the zone of 75,600 to 75,700 dollars, or almost 10% above the current price.