BITCOIN INSPIRED · Friday, November 13, 2026
Evening Brief
“Bull markets climb a wall of worry. Bear markets slide down a slope of hope.”
— Wall Street adage
🎵 Song of the Day: “Fix You” — Coldplay.
📊 Market Snapshot
(Evening · Coinpaper + 99Bitcoins + Ted Pillows)
🟧 BTC: ~$68,500, about 4% below Thursday’s close
📉 Day’s range: $67,555 to $70,214
📉 Nasdaq: -1.4%
🏦 10-year yield: about 5.13%
Support: $67,555 (today’s low) → $67,300 (200-week average) → $64,166
Resistance: $70,214 (the PPI spike) → $71,460 → $72,727
🧭 What Happened
Producer prices were a mixed report. The monthly reading came in cooler than expected, but annual producer inflation rose to 6.5%, its highest since November 2022. Bitcoin jumped to $70,214 minutes after the release, and by 14:00 UTC it was back below $69,500. It spent the rest of the day near the lows.
⚖️ Forces Board: What Moved Today
1. The Fed. No relief.
A soft monthly number was not enough to offset a four-year high in the annual rate. Yields rose again.
2. The ETF bid. Still leaving.
November’s net outflows stand at $1.88 billion so far, after $520 million left in October.
Forced selling. Lopsided.
CoinGlass recorded $869.89 million in bitcoin long liquidations over 24 hours, against $31.18 million in shorts. Almost everyone caught was betting on a bounce.
New for the next two days: the weekend.
Bitcoin trades around the clock, but on weekends there is no ETF trading and no CME futures. Fewer participants means moves in either direction can be exaggerated.
🔎 Tonight’s Question: Why Couldn’t Bitcoin Hold A Rally On Good News?
In a falling market, old floors turn into ceilings. Bitcoin spent days defending the low $70,000s. Everyone who bought there is now sitting on a loss, and many of them will sell the moment price gets back to what they paid. That is why 99Bitcoins called $70,000 “the wall” and described today’s spike as a short squeeze inside a downtrend.
A healthy market buys good news and shrugs off bad news. This week Bitcoin has done the reverse. My read is that the pattern changes when a rally survives its first test, and today’s didn’t. The first sign would be a daily close above $70,214.
👥 Three Lenses
No-coiner: If you watch the price this weekend, remember the big funds are closed. A sharp Saturday move in either direction tells you less than what happens when they reopen Monday.
Some-coiner: “Support becomes resistance” is the chart phrase for what happened today. The level that used to catch the price now stops it. Each one that gets reclaimed is a step of repair, and the nearest is $70,214.
OG: Bitcoin is down 17% this quarter, and Sunday will likely confirm a sixth straight losing week. The June low near $58,000 is roughly 15% below here. That is still a real cushion, though a much thinner one than a month ago.
👀 Watch This Weekend
$67,555. Today’s low, sitting just above the 200-week average.
$70,214. A daily close above it would be the first rally to hold.
Sunday’s weekly close.
Nov. 17: Nvidia earnings, the next test of the tech tether.
🔑 Powered By OnRamp Bitcoin
Secured by three. Controlled by you.
Weekends in a selloff are when nerves do the trading. OnRamp keeps your Bitcoin in a 2-of-3 multisig vault across three independent regulated institutions, so no single party can move it and there’s no seed phrase to lose.
Get started: app.onrampbitcoin.com
Not financial advice. Just Bitcoin custody with no single point of failure. 🔑
Stack sats. Stack self-awareness. Both compound.
— The Inspirator ⚓