Key facts: BTCUSD Below $70K; Liquidations, ETF Outflows; EMA Test
BTCUSD fell below $72,000 as spot selling picked up. U.S. Bitcoin ETFs saw $299.8 million in outflows on Nov. 11, extending withdrawals to five sessions and totaling about $1.44 billion since Nov. 5.BTCUSD fell below $70,000 as 24-hour derivatives liquidations hit $1.5 billion. Long positions accounted for $1.3 billion, impacting over 175,000 traders.Bitcoin vs US Dollar, Spot CFD (BTCUSD) is testing its 200-week exponential moving average. The article says a weekly close below this indicator could add to selling pressure.On Nov. 11, Morgan Stanley’s spot Bitcoin ETF bought about 295 BTC, worth $21.54 million, during a dip. Its reported holdings rose to 11,189 BTC, valued at roughly $815 million.Tim Draper said Bitcoin may adopt innovations from rival cryptocurrencies, like Microsoft used ideas from other firms. He cited Bitcoin’s market share rising from about 40% to 61%.This is an AI-generated summary and may contain inaccuracies. Please verify any important information with the original sources.