UNCHAINED · 2026-11-13 11:32 UTC

Bitcoin Breaks Below $70,000 as Liquidations Sweep Through Leveraged Longs

Bitcoin fell below $70,000 late Thursday, touching $67,555 on Coinbase as forced selling hit leveraged positions. About $1.65 billion in leveraged positions were liquidated over 24 hours, 88.9% of them long bets on higher prices. The article links the drop to AI-trade jitters, hotter October CPI, Fed rate-hike risk, and U.S. spot bitcoin ETF outflows of $299.9 million on Nov. 11.

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