Bitcoin nears $70,000 as ETF outflows and Fed rate worries weigh on crypto
Bitcoin slid toward $70,000 and Ethereum dipped below $2,000 as ETF outflows, thinner liquidity and Fed rate uncertainty pressured crypto, TradingView reports.
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what happened
According to TradingView, Bitcoin extended its decline on November 13 and moved toward $70,000. Ethereum fell below $2,000, while Solana, XRP and BNB also lost ground. The pressure comes from continued outflows from spot ETFs, thinner crypto liquidity and uncertainty over the Federal Reserve's rate path.
US spot Bitcoin ETFs recorded net outflows of nearly $300 million on November 11, while Ethereum ETFs saw about $145 million leave. Estimates cited by Mudrex and CoinSwitch put cumulative Bitcoin ETF withdrawals at about $1.44 billion over five sessions through November 11. Stablecoin supply shrank by $14.2 billion over 30 days, the sharpest contraction since 2022. Bitcoin also fell below its 200-day moving average near $73,100.
Concern has grown after stronger-than-expected US inflation, with some market participants fearing the Fed may keep policy restrictive or even raise rates again. Weakness in US tech stocks, amid doubts over AI-sector valuations, has added to the pressure. About $856 million in leveraged positions were liquidated over 24 hours.
why it matters
Three factors matter most now: ETF flow dynamics, US inflation data including the producer price index, and the Fed's policy outlook. Relative strength index readings near 29 for Bitcoin and 28 for Ethereum point to oversold conditions, though analysts say a sustained recovery would need stronger spot demand. Bitcoin's implied volatility rose from 38.74% to 39.95%.
market impact
Crypto: ETF outflows and tighter Fed expectations pressure Bitcoin and Ethereum
- Bitcoin pressure down — outflows from spot ETFs and a shrinking stablecoin supply reduce demand and liquidity
- Ethereum pressure down — outflows from Ethereum ETFs and a broad selloff in risk assets
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sources
- Bitcoin near $70,000: What should crypto investors do amid the ongoing sell-off — TradingView, 13 November 2026 at 04:22 UTC
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