Bitcoin Drops to $71,500 as Tracked Markets Record $368 Million in 24-Hour Liquidations

TechFlow reports that on November 12, according to The Defiant, Bitcoin fell below $72,000. Coinbase's BTC-USD market data showed the price dropped to $71,500 during the one-minute window at 22:44 Beijing time.

Coinalyze data from that morning showed $368 million in liquidations across the derivative markets it tracks over the past 24 hours, with about $300.2 million in long positions and about $67.8 million in short positions. The statistics cover contracts tracked by the platform and do not represent the full market total.

Source: TechFlow