Bitcoin fell below $70,000 as crypto sentiment hit its lowest level in more than four months, with analysts warning of institutional outflows, thinning liquidity and elevated leverage.
This story was originally published by Cointelegraph.
TLDR: At press time, Bitcoin traded at $68,106.83, down 7.31% in 24 hours and 9.93% over the past seven days. $622M in crypto liquidations hit exchanges in four hours, including $549M from long…
A total of $798 million in crypto positions has been liquidated over the past four hours, including $718.5 million in long positions.
About 70% of the bitcoin treasury firm’s coins are pledged to the exchange, bought at roughly $118,000 each, and bitcoin now trades under $69,000.
Bitcoin has dipped below $69,000, reaching its lowest level in three months. At the time of writing Bitcoin has witnessed a sharp selloff of more than 7% over the past two days. The broader crypto…
Recent rapid redemptions explain the market swoon. Bitcoin's spot price fell below $70,000 on Friday, the lowest since August.
A deal could be announced as soon as December, putting $2.1 billion of bitcoin under one roof, a sliver of what the combined group would be worth.
