Solana Falls Below $80 as Bitcoin Breaks $70K Amid Crypto Sell-Off
Solana (SOL) extended its decline on Friday, November 13, falling below $80 as a broader cryptocurrency sell-off pushed Bitcoin (BTC) under $70,000. The latest downturn has taken Solana to its weakest price level since August, while persistent institutional outflows and uncertainty over U.S. monetary policy continue to weigh on digital assets.
SOL traded near $78.15 during the November 13 session, marking an intraday decline of more than 5% in some market data snapshots. Its weekly losses reached approximately 12.7%. Bitcoin also faced renewed selling pressure, falling to around $68,800 in early Friday trading and reaching its lowest level since August 19.
The market weakness follows a short-lived recovery after the U.S. midterm elections. Bitcoin had briefly moved above $80,000 before reversing its gains as technology stocks declined and investors reassessed the outlook for interest rates and risk-sensitive assets.
Inflation Concerns Add Pressure to Bitcoin and Solana
Macroeconomic uncertainty has become an important factor behind the latest cryptocurrency downturn. The U.S. Consumer Price Index increased 0.4% in October 2026, following a 0.6% rise in September. Core CPI, which excludes food and energy, also advanced 0.3% during the month.
The figures have reinforced concerns about the Federal Reserve's ability to ease monetary policy in the near term. Higher inflation can make interest-rate reductions more difficult, potentially keeping borrowing costs elevated and reducing demand for risk-sensitive investments such as cryptocurrencies.
The U.S. Bureau of Labor Statistics' October CPI release confirms the monthly inflation figures. However, the agency could not publish October 2026 year-over-year changes for most CPI series because October 2025 survey data were unavailable following a lapse in appropriations.
The pressure has extended beyond digital assets. Technology stocks have also experienced selling as investors reassess high spending on artificial intelligence and concerns about corporate financing. This broader risk-off environment has contributed to weakness in Bitcoin, Ethereum and Solana rather than pointing to a confirmed Solana-specific network problem.
Solana ETF Outflows Extend Institutional Selling
Institutional investment flows have added another source of pressure for SOL. U.S. spot Solana exchange-traded funds recorded consecutive net withdrawals during several November trading sessions.
The reported daily flows included:
November 6: $25.07 million in net outflows.
November 9: Approximately $7.68 million in net outflows.
November 10: Approximately $10.56 million in net outflows.
November 11: Approximately $5.85 million in net outflows.
November 12: A preliminary $1.69 million net inflow.
The November 12 figure represents an early positive reading, rather than confirmation that the entire institutional outflow trend has reversed. ETF flow totals can change as additional fund issuers publish their daily figures.
The Solana ETF tracker provides fund-level information, including daily flows, assets under management and cumulative investment figures. The data show how institutional demand has changed alongside SOL's price decline.
Bitcoin investment products have faced even larger withdrawals. U.S. spot Bitcoin ETFs recorded approximately $1.93 billion in net outflows for November through November 12 in the latest available flow data. The withdrawals included $411.9 million on November 6, $201 million on November 9, $95 million on November 10 and $299.8 million on November 11.
These figures suggest that institutional demand has weakened across major cryptocurrency investment products, although individual trading sessions can still record inflows.
Leveraged Liquidations Intensify the Market Decline
Forced position closures have added to selling pressure as cryptocurrency prices move lower. The market data snapshot supplied for November 10 recorded approximately $529.80 million in liquidations over 24 hours, affecting 103,397 traders.
Long positions accounted for approximately $373.87 million, or 70.6% of the total. Short positions represented the remaining $155.93 million. Binance accounted for the largest exchange share, at approximately 38.6%.
Liquidations occur when exchanges automatically close leveraged positions after traders' collateral becomes insufficient to support their exposure. During a sharp decline, forced selling can accelerate price movements as additional positions approach their liquidation thresholds.
The CoinGlass liquidation dashboard tracks these forced closures across cryptocurrency exchanges. The November 10 figure should be treated as a historical snapshot, not as the current 24-hour liquidation total.
Market sentiment also weakened during the initial decline. The Crypto Fear and Greed Index stood at 26 in the supplied November 10 snapshot, down from 42 the previous week. That movement reflected a shift from neutral sentiment toward fear.
Binance Research Identifies a Potential Macro Turning Point
Despite the immediate weakness, Binance Research has identified a possible improvement in the global monetary backdrop. Its November 2026 market report examined interest-rate decisions across the Group of Ten (G10) economies and their relationship with Bitcoin returns.
Eight G10 central banks raised interest rates during the previous six months, while two held rates and none reduced them. However, Binance Research argued that the speed of monetary tightening may matter more to Bitcoin than the number of central banks maintaining restrictive policies.
Its analysis identified a negative 0.62 correlation between six-month changes in its monetary tightening index and Bitcoin's six-month returns. The index reached a peak of approximately +1.1 in July before easing to +0.8.
Binance Research also compared the current environment with previous market cycles. In 2022 and 2023, Bitcoin began recovering as the pace of monetary tightening slowed, even before central banks started cutting rates. The report suggests that a continued reduction in tightening momentum could provide a less restrictive macroeconomic environment for cryptocurrencies.
However, the research does not guarantee a market recovery. Further rate increases or renewed monetary tightening could maintain pressure on digital assets. The complete analysis is available in the Binance Research November 2026 report.
X Integration Expands Solana Token Trading Access
While market prices remain under pressure, Solana is continuing to gain access to established online platforms. On November 10, trading application fomo announced an integration that allows users to access Solana token trading through cashtags on X.
A cashtag is a ticker symbol preceded by a dollar sign, such as $SOL or $JTO. When users tap a Solana token cashtag in an X post, they can open its price chart and access a Trade on fomo option. Selecting the option directs users to the corresponding token page on the fomo platform.
The integration also provides token information, holder data and a social feed where users can share trading activity and investment theses. Fomo says its token pages distinguish between reviewed, unverified and potentially risky assets, although users still need to assess tokens carefully.
The company's official integration announcement explains how the feature works.
What Comes Next for Solana?
Solana's decline below $80 highlights the pressure facing the broader cryptocurrency market. Bitcoin's move below $70,000, persistent ETF withdrawals and forced liquidations have combined with inflation uncertainty to weaken investor sentiment.
The next important indicators include changes in U.S. monetary policy expectations, daily ETF flows and whether Bitcoin and Solana can stabilize after their latest declines. A sustained improvement in institutional demand could help ease selling pressure, while continued withdrawals and restrictive financial conditions may keep volatility elevated.
Despite the downturn, new trading integrations show that Solana's ecosystem development is continuing alongside weaker market prices. The distinction between network adoption and short-term token performance remains important as investors assess the market's next direction.
