Bitcoin (BTC) Falls Below $73,000 as Crypto Liquidations Reach $705 Million

Bitcoin fell below $73,000 and Ether neared $2,000 by midday Tuesday as crypto liquidations over the prior 24 hours reached $705 million following the release of U.S. October inflation data. At 12:03 p.m. ET (17:03 UTC) Tuesday, Bitcoin traded at $72,836.12 on Coinbase, while Ether was at $2,015.91. The snapshot placed Bitcoin below $73,000 and Ether $15.91 above the $2,000 mark. The 24-hour liquidation tally ending at that snapshot reached $705 million across 117,988 traders. Long positions accounted for $581 million, or 82.4% of the total, while short positions accounted for $124 million. The largest single liquidation was a $31.52 million ETH-USDT contract on HTX. The consumer price index rose 0.4% month over month in October, down from a 0.6% increase in September.

BeCrypto News shows a short excerpt and links to the publisher. The full report belongs to TokenPost.