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Longs Liquidated, Is the Bottom In?

Longs Liquidated, Is the Bottom In?

Bitcoin fell below $73,000 on Thursday, November 12, extending a week-long crypto market crash in which traders who bet on a rebound were forced out of their positions again and again.

Bitcoin touched $72,735 on Binance, a hair above Tuesday’s $72,727 low and its weakest price since August 20. It trades at $72,969, down 9.4% from the November 4 close.


The altcoins are doing worse. Over seven days, Ethereum has lost 16.4%, Solana 14.7% and XRP 21.3%. CoinGecko values the whole…

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