Bitcoin slides to three-month low near $71,200 as market selloff triggers $1.6 billion in liquidations
Bitcoin plunged to its lowest level since August as risk-off sentiment rattled digital assets, wiping out over $550 billion from total crypto market capitalization since October and triggering more than $1.6 billion in derivative liquidations.
Bitcoin dropped below $73,000 and continued sliding beneath the $72,000 mark on November 12, 2026, touching levels near $71,200 to $71,300. The decline marked a 12-week low and left the asset roughly 43% below its all-time high, according to reports from Decrypt, CoinGecko, and The Block.[2][3][4][6][8]
Outlets including The Block and CryptoSlate tied the sudden downturn to wider risk-off headwinds across financial markets following the immediate resignation of Nvidia CEO Jensen Huang and MSCI's confirmed removal of Strategy. Other major digital assets retreated alongside Bitcoin, with Ethereum briefly sinking below $2,000 to touch $1,983 and Solana falling to around $81. Crypto-related equities also slumped, led by drops of around 6% in Hut 8 alongside losses across Riot Platforms, MARA Holdings, Robinhood, Strategy, and Coinbase.[2][4][9][11][12][13][14]
The price drop sparked heavy forced selling across derivatives exchanges. After an initial wave erased over $727 million to $750 million in positions on November 12, 24-hour liquidations escalated to approximately $1.64 billion by November 13, according to Coinglass data cited by Lark Davis and Crypto Banter. Long positions accounted for $1.46 billion of that total, with 185,742 traders liquidated. The single largest liquidation was a $31.09 million BTC-USD position on Hyperliquid.[2][4][7][10][15]
Key facts
- Bitcoin fell below $72,000 on November 12, 2026, reaching lows near $71,200, its weakest level since August.
- Crypto liquidations totaled roughly $1.64 billion over a 24-hour period ending November 13, with long bets making up $1.46 billion.
- Coinglass data recorded 185,742 traders liquidated over 24 hours, with the largest single liquidation being a $31.09 million BTC-USD position on Hyperliquid.
- The cryptocurrency selloff has erased $550 billion in market value since October highs.
- The downturn coincided with broader risk-off sentiment sparked by Nvidia CEO Jensen Huang's resignation and MSCI confirming Strategy's removal.
- Crypto-related stocks declined alongside digital assets, led by Hut 8 falling over 6%, while Riot Platforms and MARA Holdings both fell around 3.9%.
Sources · 14 sources
- PO
Polymarket@PolymarketPost on X ·
BREAKING: Bitcoin plunges below $72,000 for the first time since August. https://t.co/AzXVVMQuIb
Open source - TB
The Block@TheBlockCoPost on X ·
THE BLOCK: Bitcoin has fallen to its lowest level in nearly 12 weeks, trading at around $71,300, as Nvidia CEO Jensen Huang's resignation and MSCI index removals added to broader risk-off sentiment. Other major crypto assets, including ether, solana, and XRP, also declined. Over $750 million in crypto positions were liquidated over the past 24 hours, including over $634 million in longs, according to CoinGlass. bitcoin:native ethereum:native solana:So11111111111111111111111111111111111111112 ripple:native
Open source - DE
Decrypt@DecryptMediaPost on X ·
$BTC Sinks to $71K, Now 43% Below Its All-Time High. Bitcoin traded at about $71,600, down 3% today and 9% this week wiping roughly $45 billion off its market cap, now at its lowest level since August. https://t.co/dV9nLjByI2
Open source - TB
The BlockArticle ·
Bitcoin falls to 12-week low as Jensen Huang’s exit from Nvidia rattles markets Bitcoin fell as low as $71,200 as Jensen Huang quit Nvidia and MSCI confirmed Strategy's removal, with $750M in crypto positions liquidated.
Open source - BT
Bull Theory@BullTheoryioPost on X ·
BREAKING: Bitcoin crashes below $72,000, hitting its lowest level in 12 weeks. $380 million in longs liquidated in the last 4 hours. Over $550 Billion wiped out from the crypto market cap since October highs. https://t.co/N2VZz8m4eH
Open source - CO
- CR
CryptoSlate@CryptoSlatePost on X ·
.@coinglass_com’s Nov. 12 snapshot showed $727M of crypto trading positions forcibly closed in 24 hours. Bitcoin and Ether hit three-month lows. Bets on higher prices accounted for about 90% of their forced closures by value. via @hardeyjumoh https://t.co/gBojSTb5iX
Open source - BL
BlockNews@blocknewsdotcomPost on X ·
🚨 JUST IN: Bitcoin $BTC drops below $73,000 as selling pressure continues across the crypto market! 📉 https://t.co/B8kFcJnc8E
Open source - CR
CryptoSlateArticle ·
Bitcoin and Ethereum sink to 3-month lows, but a bigger crypto selloff may be ahead Bitcoin and Ethereum fell to three-month lows Thursday, deepening a cryptocurrency selloff that has erased $550 billion in market value since October. Bitcoin slumped to $71,317, its lowest level since August, while Ethereum briefly fell below $2,000 to touch $1,983. The declines have pushed the broader crypto market's valuation from approximately $2.94 trillion in early… Read the full story on CryptoSlate Understand the crypto stories that matter and what to watch next. Get The Catalyst in your inbox
Open source - CB
Crypto Banter@crypto_banterPost on X ·
🚨$1.63 BILLION BLOODBATH HITS CRYPTO AS LONGS GET DESTROYED! Traders got crushed over the past 24 hours as more than $1.63 billion in positions were wiped out, almost entirely from the long side. bitcoin:native alone saw $906 million liquidated, with ethereum:native adding another $285 million. The forced selling comes as Bitcoin sits at its lowest levels since August.
Open source - CO
Cointelegraph@CointelegraphPost on X ·
🚨 ALERT: Crypto-related stocks are under pressure as Bitcoin falls to a three-month low, with mining companies taking the biggest hit. Hut 8 ($HUT) leads losses with a 6% decline, followed by Riot Platforms ($RIOT) and MARA Holdings ($MARA) at 3.9% each. Robinhood ($HOOD) is down 3.2%, while Strategy ($MSTR) and Coinbase ($COIN) have slipped 2.1% and 0.5%, respectively.
Open source - CG
Crypto GEMs 📈🚀@cryptogems555Post on X ·
$BTC lost $72K, now ~$71.3K $ETH back under $2,000 $SOL ~$81 Fear & Greed 28 & Jensen just resigned from #Nvidia lol. What a day Buying this or waiting? https://t.co/vB2a3kDNnV
Open source - CR
CryptoSlateArticle ·
Bitcoin plunges to $71k as Jensen Huang abruptly resigns sending Nvidia into $2 trillion wipeout Nvidia co-founder Jensen Huang resigned Thursday, sending the chipmaker's shares tumbling and intensifying a selloff across cryptocurrency markets. On Nov. 12, the company announced that Huang had stepped down as chief executive, president, and board member, effective immediately, ending his 33-year leadership of the artificial intelligence giant. Chief Financial Officer Colette Kress was appointed interim… Read the full story on CryptoSlate Understand the crypto stories that matter and what to watch next. Get The Catalyst in your inbox
Open source - CN
crypto.news@cryptodotnewsPost on X ·
JUST IN: Crypto stocks slide as Bitcoin hits a three-month low Mining firms lead the declines, with $HUT down over 6%, while $RIOT and $MARA each lose over 3%; $HOOD falls 4%, $MSTR drops 3.3% and $COIN slips over 1.5%. https://t.co/2itvjFQD2t
Open source - LD
Lark Davis@LarkDavisPost on X ·
Bloodbath 🩸 $1.64B liquidated in 24h, per Coinglass. 📉 $1.46B were longs ⏱️ $750M+ wiped out in the last 4 hours alone 👤 185,742 traders liquidated 🐋 Largest single order: $31.09M BTC-USD on Hyperliquid Over-leveraged longs got flushed. https://t.co/42MPP8ekSe
Open source