Bitcoin Falls to $71,500 as 24-Hour Market Liquidations Reach $368 Million
TechFlow reported that on November 12, according to The Defiant, Bitcoin fell below $72,000. Coinbase's BTC-USD trading records showed that within one minute at 22:44 Beijing time, the price dropped to as low as $71,500.Data from Coinalyze earlier that morning showed that liquidations in the derivatives markets it tracks totaled $368 million over the past 24 hours, with longs accounting for approximately $300.2 million and shorts around $67.8 million. This statistic covers the contracts tracked by the platform and does not represent the total market liquidations.
TechFlow reported that on November 12, according to The Defiant, Bitcoin fell below $72,000. Coinbase's BTC-USD trading records showed that within one minute at 22:44 Beijing time, the price dropped to as low as $71,500.
Data from Coinalyze earlier that morning showed that liquidations in the derivatives markets it tracks totaled $368 million over the past 24 hours, with longs accounting for approximately $300.2 million and shorts around $67.8 million. This statistic covers the contracts tracked by the platform and does not represent the total market liquidations.
