Bitcoin
Bitcoin Faces Deeper Reset Risk as Bitfinex Warns of $70K Drop
Bitfinex warned that bitcoin risked a prolonged decline as weak fund flows, uneven corporate demand, and broader market pressures tested its recovery. The exchange also flagged growing futures exposure and steeper altcoin losses. Key Takeaways Bitcoin spent four days below its $75,717 recovery threshold. Futures exposure increased 3.3% while prices declined 2.6%. Bitfinex outlined a conditional decline toward $70,000-$71,200. Bitcoin Faces a $75,717 Recovery Test Crypto exchange Bitfinex warned Nov. 11 that bitcoin risked a deeper reset, meaning a prolonged decline, after four days below its $75,717 short-term holder cost basis . That level represented the estimated average acquisition price...
Bitcoin News7 min read
