The global cryptocurrency market cap shrank by $9.9 billion on Tuesday, November 12, as traders moved to take profits after a seven-day rally.
In the derivatives market, $980 million crypto futures contracts were liquidated with bulls booking 60% of the daily time frame losses.
According to Coinglass data, the largest single-order liquidation happened on Binance, as a whale trader lost $15.70 million on the BTC/USDT trading pair.
Bitcoin price action today
Bitcoin price registered a new all-time high for the sixth consecutive day as it topped out at $89,940 on November 12.
Amid a brief market correction and cascading liquidations, BTC managed to hold firmly above…
