Bitcoin Breaks Below $70,000 as Liquidations Sweep Through Leveraged Longs
By Unchained
AI summary of the source article
Bitcoin fell below $70,000 to touch $67,555 as approximately $1.65 billion in leveraged crypto positions were liquidated within 24 hours. Long positions accounted for nearly 89% of the total liquidations.
Key facts
- Bitcoin fell to a low of $67,555 on Coinbase, down 6.7% over 24 hours.
- About $1.65 billion in leveraged positions were liquidated across crypto in 24 hours, with 88.9% coming from long positions.
- U.S. spot bitcoin ETFs recorded net outflows of $299.9 million on Wednesday, November 11.
Source excerpt · Unchained
More than $1 billion in crypto positions were forced shut in 12 hours as bitcoin broke below $70,000. The post Bitcoin Breaks Below $70,000 as Liquidations Sweep Through Leveraged Longs appeared first on Unchained .