Bitcoin crashes to 3-month low below $63,000 as analyst flags fourth capitulation wave
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No summary was published for this item.
This is the summary CoinDesk publishes in its feed. The full article lives on their site.
Bitcoin and ether rebounded after another sharp drop, but matched 24-hour windows show the selloff accelerated from the Nov. 12 break below $72,000.
CoinGlass recorded $2.05 billion in liquidations across tracked exchanges, overwhelmingly in bets on rising prices.
Coinbase and Bitstamp both recorded the break. Bitcoin's new low was 12.5% below the snapshot low in The Defiant's Nov. 12 report.
The slide has deepened since the Nov. 12 break below $72,000. A SpaceX IPO comparison offers a bullish scenario, not proof that selling is nearly over.
U.S. spot crypto ETFs lost about $1.55 billion combined, and Avalanche funds' $227,000 was the only weekly inflow among the 15 categories SoSoValue tracks.