Bitcoin drops below $64,000 as bullish bets get wiped out over the weekend

Bitcoin fell below $66,000 on Saturday morning UTC as the selloff forced more bullish bets to close. By the afternoon, it traded near $65,500, leaving leveraged traders at risk of losing their positions before any rebound. By Saturday evening, CryptoSlate data showed Bitcoin near the bottom of its rolling 24-hour range of $63,278 to $69,052 after finally losing $64,000. CryptoSlate's Bitcoin price page puts the asset down 6.5% over 24 hours, 15.8% over seven days and 19.7% over 30 days. It recorded $31.59 billion in trailing 24-hour trading volume. Newhedge's futures dashboard recorded a $919,774 Binance BTCUSDT long-liquidation event at $65,976 at 14:26 UTC on Nov. 14. It recorded another worth $781,412 at $65,892 at 14:39 UTC. At 14:48 UTC, Newhedge recorded a $260,381 Bybit BTCUSDT long liquidation at $65,571.

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