Bitcoin Sits Below $62.6K Liquidation Zone as Spot ETFs Log Seventh Straight Outflow Day
Glassnode flagged a $59,500 to $62,600 Bitcoin liquidation zone untouched since the August low, warning that breakout longs may face further selling. Bitcoin traded at $63,602 on November 14, down 6.90% in 24 hours. U.S. spot Bitcoin ETFs saw $185.4 million in net outflows on November 13 and roughly $1.07 billion over five sessions, the seventh straight day.