🚨 $1.23 BILLION IN LIQUIDATIONS! BITCOIN BELOW $68,000 — ARE INSTITUTIONS EXITING TOO?

The crypto market continues to face serious pressure. This time, traders’ losses are measured in billions of dollars.

According to CoinGlass, positions worth $1.23 billion were forcibly closed over the past 24 hours!

💥 What happened:

🔻 Bitcoin fell below $68,000.

🔻 Total liquidations reached $1.23 billion.

🔻 $1.02 billion in losses came from Long positions.

🔻 More than 163,000 traders faced liquidations.

But there’s another worrying sign.

🏦 U.S. spot Bitcoin ETFs recorded their seventh consecutive day of net outflows.

On November 13 alone, investors withdrew $185.4 million. Over two weeks, total outflows reached approximately $2.35 billion.

BlackRock’s IBIT fund saw particularly significant outflows.

⚠️ What’s next?

The market came under pressure from several factors at once: a strong dollar, expectations of Fed rate hikes, and declining investor risk appetite.

However, a sharp rebound is also possible after the mass liquidations. It’s too early to say that the decline is guaranteed to continue.

🧞 Good Genie asks:

Is this the beginning of a true crypto winter, or is the market setting the stage for a powerful new rally?

Share your prediction!

#LuckyGenie #bitcoin #BTC #Crypto #Ethereum