Crypto Market Today: Bitcoin Falls Below $69K, Liquidations Top $1.3B, DTCC Picks Solana

Bitcoin fell below $69,000 on Friday, 13 November, and traded at $69,134.72 by 8:30 a.m. Eastern Time, $4,073.52 below its level the previous morning. More than $1.3 billion of leveraged crypto positions were closed out in 24 hours, the bulk of them bets that bitcoin would rise.

For a holder, the mechanics matter more than the headline price. About $677 million of the liquidations were on bitcoin, and $653.5 million of that came from long positions against $24.1 million from shorts, so the forced selling came from traders who had borrowed to bet on higher prices.

• The news: Bitcoin fell below $69,000 on 13 November, with more than $1.3 billion in crypto futures liquidated in 24 hours, almost all of it long positions.
• The key figure: BlackRock's IBIT recorded more than $2 billion in net outflows over nine consecutive trading sessions through Wednesday, part of nearly $1.44 billion that left all US spot bitcoin ETFs over five sessions.
• What happens next: Injective's Veyra governance vote closes on 16 November, and the upgrade itself is targeted for 24 November.

Longs Took Almost All of the $1.3 Billion

Liquidation counts differ a little by tracker. One puts the 24-hour total at about $1.23 billion across more than 151,000 traders, on CoinGlass data; another at more than $1.3 billion. The single largest forced close was a long bitcoin position worth more than $31 million on Hyperliquid.

Thin order books made the fall steeper. Bitcoin's order-book depth across major exchanges fell to $72 million on 9 November, roughly 33% below normal, according to Talos's weekly report. The drop ran alongside a climb in the US 10-year Treasury yield above 5%.

IBIT's Nine-Session Exit and an Extreme Fear Reading

BlackRock's IBIT recorded more than $2 billion in net outflows across nine consecutive trading sessions through Wednesday, while broader US spot bitcoin funds shed nearly $1.44 billion over five sessions.

On 11 November alone, US spot bitcoin ETFs lost about $299.8 million, a fifth consecutive day of withdrawals, with IBIT accounting for around $269.7 million of it.

Sentiment tracked the price. The Crypto Fear & Greed Index read 20 on Friday, which puts it in "extreme fear", its lowest reading in more than four months and a level it last reached on 8 July.

DTCC Will Tokenize DTC-Custodied Assets on Solana

The Depository Trust & Clearing Corporation plans to enable the tokenization of eligible DTC-custodied assets on Solana, connecting its Tokenization Service to the network. The service launched on 28 October, and the Solana integration is planned for the second half of 2027, supporting the conversion of eligible traditional assets into token form and the token lifecycle around them.

The scale behind it is the point. In 2025, DTCC's subsidiaries processed securities transactions worth $4.7 quadrillion, and its depository subsidiary provided custody and asset servicing for securities from more than 150 countries and territories valued at $114 trillion.

"DTCC is bringing regulated, DTC-tokenized securities to another major blockchain ecosystem, giving market participants greater choice in where they access and utilize tokenized assets while preserving the protections of traditional markets," chief executive Frank La Salla said.

Forward Industries Borrows $50 Million Against Its SOL

Forward Industries secured a $50 million credit facility at SOFR plus 150 basis points, with a two-year term, according to its own filing. The lender is a federally chartered, FDIC-insured national bank, and the facility is secured by SOL held in Forward's treasury.

That structure is the detail that matters for SOL holders: the company is borrowing against its coins rather than selling them, and the bank holds a claim on that SOL if the loan is not repaid.

The same filing shows Forward kept buying through the sell-off. From 1 October to 9 November, it increased its SOL and SOL-equivalent holdings by 226,396 SOL, or 2.7%, from 8,501,298 on 30 September to 8,727,694. That is about 1.5% of Solana's circulating supply, added at an average cost of $75 per SOL.

Injective's Final 2026 Upgrade Goes to a Vote

Injective submitted its Veyra upgrade as governance proposal IIP-717 on 12 November. The vote is open to INJ stakers and closes on 16 November. If it passes, the chain moves to version 1.21.0 at block height 193,145,000, currently targeted for 24 November, and Injective has described Veyra as its final major network upgrade of 2026.

XRP Near $1 as Three Reports Await Records

XRP traded at about $1 on Friday after an intraday low just below it, and its weekly fall of a little over 14% is steeper than bitcoin's 9.2%. Beyond the price, three items circulating on Friday have no primary record behind them yet: a report that Ripple chief executive Brad Garlinghouse pushed back on claims the company is abandoning XRP for its RLUSD stablecoin, figures putting RLUSD's market value just ahead of PayPal's PYUSD, and October's US inflation print coming in above forecasts. A fourth, President Trump's 12 November nominations to the SEC and CFTC, is in the same position.

Next on the Calendar: MSCI on 30 November

The next scheduled date for holders is MSCI's November index review, which takes effect after the close on 30 November and removes Strategy from the MSCI USA Index and Metaplanet from the MSCI Japan Small Cap Index.