Bitcoin Slips Below $70,000 as $869.89M in Long Liquidations Hit Traders
Bitcoin fell below $70,000 on November 13 as long liquidations overwhelmed traders betting on gains. CoinGlass recorded $869.89 million in Bitcoin long liquidations over 24 hours against $31 million in shorts. Bitcoin traded near $69,224 at 10:52 UTC after touching a rolling 24 hour low of $67,921. The decline came alongside a softer US stock session and expectations of tighter Federal Reserve policy.