Bye bye, June lows. BTC briefly drops to just $17,100 amid FTX turmoil.
rebounding over $20,000
on news that the embattled FTX might be bought out by competitor Binance, panic returned after the Wall Street open. BTC/USD lost $2,000 in under two hours, seeing a sudden plunge that set a low of $17,120 on Bitstamp. The last time the pair traded at that level was in late November 2020, meaning Bitcoin managed to beat theData from the Binance order bookAt the Nov. 8 daily close, an area of interest for trade volume was around $18,400 — a zone still in play at the time of writing nearly 12 hours later.Figures from on-chain monitoring resource Coinglass, meanwhile,BTC long liquidations across exchanges totaled $214 million for Nov. 8, while cross-crypto longs were liquidated to the tune of $670 million.
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