Daily Cryptocurrency Market Report – November 13
Author kim
Key Points
① Price trend: BTC spot ETFs recorded net outflows for five consecutive days, compounded by concentrated long liquidations. BTC fell below $72,000 to $71,569.98 (-3.72%), hitting an approximately 12-week low; ETH fell below $2,000 intraday, while BNB led losses at -4.44%, with all six major cryptocurrencies closing lower
② Fund flows: BTC spot ETFs saw net outflows of $300 million on 11/11, marking the fifth consecutive day of outflows (compared with -$95 million the previous day). Cumulative net outflows over the past five trading days totaled $1.438 billion, while net outflows for November to date reached $1.878 billion; ETH spot ETFs saw net outflows of approximately $145 million on 11/11; verified data for 11/12 is not yet available
③ Today: U.S. October PPI (13:30 UTC; market expectations: +0.4% month over month and 6.6% year over year) is the last major inflation data release of the week; the Fear & Greed Index stood at 28 (Fear), edging down from 29 the previous day
Market Overview
Fear & Greed Index 28 (Fear) · BTC spot ETF net outflows on 11/11: -$300 million · ETH spot ETF net outflows on 11/11: -$145 million
The main theme over the past 24 hours has been “capital flight + deleveraging.” According to Bitcoin.com citing CoinGlass data, as of 9:33 a.m. ET on 11/12, liquidations across the market over the previous 24 hours exceeded $656 million, including approximately $555 million in long positions and $100 million in short positions, affecting more than 122,000 traders; BTC liquidations totaled $237 million and ETH liquidations $122 million. The largest single liquidation was a BTC long position worth approximately $31.09 million on Hyperliquid.
On prices,crypto.news reportedthat the Binance BTC/USDT intraday range was $71,255–$74,217, with the weekly decline at approximately 4.5%. BTC has fallen below the 20-week and 50-week moving averages (approximately $74,220 and $75,157, respectively), while the 200-week moving average is around $68,013.CoinDesk noted that breaking below the 50-week moving average invalidates the September breakout signal; market maker Wintermute believes the next key level is $68,000, and that reclaiming $80,000 would be needed to change its cautious outlook.Altcoin Buzz also noted that ETH fell below $2,000 for the first time since August.
The macro backdrop remains tight: U.S. October CPI rose 0.4% month over month, above expectations of 0.3%. CME FedWatch showed the probability of a 25-basis-point rate hike at the December 8–9 FOMC meeting at approximately 90% (source: Altcoin Buzz); CoinDesk reported that the U.S. Dollar Index briefly rose above 103, its highest level since March 2025. In technology stocks, news of changes in Nvidia’s management further weighed on risk appetite.
On fund flows,Decrypt cited SoSoValue dataBTC spot ETFs recorded approximately $1.44 billion in net outflows over five consecutive days from 11/05 to 11/11, bringing total net assets down to $93.7 billion, about 45% below the October 2025 peak. Meanwhile, Glassnode shows that stablecoin supply fell by $14.2 billion in the 30 days through 11/09, the fastest contraction since June 2022. The Fear & Greed Index remains at 28, with sentiment still in the “Fear” range.
Next, watch two things: first, the U.S. October PPI, due at 13:30 UTC tonight. If it comes in above the expected monthly rate of +0.4% / annual rate of 6.6%, it will reinforce December rate-hike pricing and continue to weigh on risk assets. Second, whether BTC can hold support around $70,000 and $68,000, and whether ETFs will end their consecutive outflows on 11/12—the area near $75,700 (the short-term holder cost basis, according to Bitfinex Alpha data) is the first hurdle to reclaim above.
Top 10 tokens by market capitalization
| Rank | Token | Price (USD) | 24h Change | Market Cap |
|---|---|---|---|---|
| 1 | BTC | 71569.98 | -3.72% | Approximately $1.43 trillion |
| 2 | ETH | 2014.89 | -2.97% | $246.2 billion |
| 3 | USDT | 0.9987 | Approximately 0% | $175.7 billion |
| 4 | BNB | 655.14 | -4.44% | $86.2 billion |
| 5 | USDC | 0.9996 | Approximately 0% | $69.4 billion |
| 6 | XRP | 1.03 | -2.50% | $65.6 billion |
| 7 | SOL | 81.56 | -3.75% | $48.2 billion |
| 8 | TRX | 0.3154 | 0.39% (direction unverified) | $30.0 billion |
| 9 | HYPE | 71.57 | -2.16% | $18.1 billion |
| 10 | ZEC | 955.09 | -4.51% | $16.2 billion |
Rankings and data are based on CoinMarketCap market-cap rankings (excluding the CMC20 Index and staking derivative tokens), with data approximately current as of 2026-11-12 23:25 UTC (the page scrape time; the BTC quote matches CoinPaprika’s 21:57 UTC snapshot of $71,515). Rankings may have already changed amid sharp volatility.
Analyst Views
- ETF outflows represent risk reduction, not a full-scale retreat: HashKey senior researcher Tim Sun pointed out that the five-day outflow accounted for approximately 2.6% of the ETF’s cumulative net inflows, “far from a full-scale retreat.” The truly critical issue is the lack of new buying; he estimates that the average cost basis of ETF holdings is around $81,000, while the current price is already below that level (source:Decrypt). The risk is that if the price remains below the average cost, it could trigger more stop-loss redemptions.
- Incremental capital and stablecoins are contracting in tandem: BitGo Head of Research Greg Cipolaro said that the post-U.S. election rebound brought only approximately $75 million in inflows to spot BTC ETFs, while stablecoin supply fell 1.9% to $286.3 billion. The appeal of basis trading has also declined (source: Decrypt). The risk is that if the liquidity contraction continues, the rebound’s sustainability will be limited.
- The dollar may be nearing a near-term peak: LMAX Group market strategist Joel Kruger believes the dollar rebound may be nearing its end. Narrowing U.S. interest-rate differentials could attract buying back into the market. The next focus will be comments from Federal Reserve officials and Friday’s PPI report (source:CoinDesk). The risk is that if PPI exceeds expectations, the dollar and interest rates could strengthen again.
The views above are from third parties and do not represent Hotcoin’s position.
News Brief
- BTC fell below $72,000, with more than $656 million in liquidations across the network over the past 24 hours. Long positions accounted for approximately $555 million, while Binance represented about 37% of exchange liquidations (source:Bitcoin.com). After the concentrated liquidation of leveraged long positions, short-term volatility will still depend on whether spot buying can take over.
| Time (UTC) | Event | Forecast | Previous |
|---|---|---|---|
| 13:30 | U.S. October PPI month-over-month | ||
| 13:30 | U.S. October PPI year-over-year | ||
| 13:30 | U.S. October core PPI month-over-month | ||
| To be confirmed | Eurozone Q3 GDP (Eurostat’s second flash estimate) | No verified data available yet | +0.4% (initial quarter-over-quarter estimate) |
- BTC spot ETFs saw a net outflow of $300 million on 11/11, including $270 million from BlackRock’s IBIT and $39.13 million from GBTC; only Morgan Stanley’s MSBT recorded an inflow, at $8.96 million. Cumulative net outflows so far in November are approximately $1.88 billion (sources:TokenPost, Decrypt). Institutions continue to reduce risk exposure, creating the most direct source of funding pressure in this downturn.
- Nvidia’s board announced that Jensen Huang would resign as president, CEO, and director, with CFO Colette Kress appointed interim CEO. The company will announce its quarterly results on 11/17 (source:Altcoin Buzz). The sudden management change at a leading technology company has shaken risk appetite in U.S. equities; its correlation with BTC warrants attention.
- After the close on 11/30, MSCI will remove Strategy and Metaplanet from its stock indexes. Marex analysis states that Strategy holds 850,364 BTC and has not reported any sales; the index removal is not a direct BTC supply event (sources: Altcoin Buzz, CoinDesk). Passive-fund rebalancing may affect MSTR’s share price, but its direct impact on spot markets is limited.
- Glassnode data shows that, in the 30 days through 11/09, stablecoin supply declined by $14.2 billion, the fastest contraction since June 2022 (source: Decrypt). With less “ammunition” in the market, any rebound lacks support from incremental capital.
Today’s Focus
The above covers events for 11/13 (Friday). On 11/14 (Saturday), the U.S., eurozone, Japan, and China have no major macroeconomic data releases. Japan’s preliminary third-quarter GDP is scheduled for 11/15 (Sunday); the U.S. October retail sales report has been postponed to 11/17. The PPI forecast is sourced from:StockTitan(citing Dow Jones consensus). Already released yesterday: U.S. weekly initial jobless claims (forecast at approximately 195,000) and the U.K. third-quarter GDP report, which was released on 11/12; however, no verified actual figures were found for this edition, so they have been left blank as is. The U.S. Dollar Index briefly rose above 103 (CoinDesk).
Frequently Asked Questions
What is today’s BTC price? BTC is trading at $71,569.98 (24-hour change: -3.72%) (data as of 2026-11-12 23:25 UTC, source: CoinMarketCap).
Why did Bitcoin fall today? BTC spot ETFs recorded approximately $1.44 billion in net outflows over five consecutive days, alongside more than $650 million in long liquidations. A hotter-than-expected U.S. October CPI report increased expectations of a December rate hike, while a stronger dollar and Nvidia’s management change weighed on technology stocks, collectively suppressing risk appetite.
What is the current market sentiment? The Fear & Greed Index stands at 28/100 (Fear), slightly down from 29 the previous day.
How are BTC spot ETF flows performing? On 11/11, net outflows totaled $300 million, marking the fifth consecutive day of outflows and an increase from $95 million the previous day. Cumulative net outflows over the past five trading days reached $1.438 billion. No verified source for the 11/12 data had been found at the time of writing.
Risk Disclaimer: This article is compiled solely for market-information purposes and does not constitute investment advice. Digital-asset prices are highly volatile; please carefully assess your own risk tolerance.
Related Articles:
- Crypto Daily｜ETF outflows continue for a fourth day, MSCI to remove Strategy, BTC holds near $74,000, Fear & Greed Index at 28 (11/12)
- Crypto Daily｜Hotter-than-expected U.S. CPI boosts rate-hike bets, BTC dips to $73,500, ETF outflows continue for a third day (11/11)
