Bitcoin just broke below $72K — its lowest since August.
$BTC is trading near $71,950, down 3.3% today after falling from a $74,811 high. The break below $72K triggered over $125M in long liquidations in 20 minutes, and 24h BTC liquidations hit ~$305M.
What's driving it: Nvidia CEO Jensen Huang stepped down, Strategy slid after MSCI confirmed its index exit, and US spot BTC ETFs just posted a 5th straight day of outflows — $299.8M on Nov 11, about $1.44B across the last 5 sessions.
Next level to watch: $70K. Below that, the 200-week average sits near $68K.
Not financial advice. DYOR.
#Bitcoin #Crypto #BTC
$BTC is trading near $71,950, down 3.3% today after falling from a $74,811 high. The break below $72K triggered over $125M in long liquidations in 20 minutes, and 24h BTC liquidations hit ~$305M.
What's driving it: Nvidia CEO Jensen Huang stepped down, Strategy slid after MSCI confirmed its index exit, and US spot BTC ETFs just posted a 5th straight day of outflows — $299.8M on Nov 11, about $1.44B across the last 5 sessions.
Next level to watch: $70K. Below that, the 200-week average sits near $68K.
Not financial advice. DYOR.
#Bitcoin #Crypto #BTC