Bitcoin rebounds to $65k after sharp weekly drop
Bitcoin fell from about $75k to near $63k this week before bouncing above $65k, with roughly $854M liquidated in 24 hours, mostly longs.
Confirmed
- Bitcoin fell from about $75k to near $63k this week, then rose above $65k
- $854M was liquidated in 24 hours, $788M of it longs
Not yet known
- Whether $130M of shorts were liquidated, as market news reports say
- Whether an analyst's claim of Coinbase spot selling is accurate
- Whether Bitcoin has bottomed, with some traders calling $60k
- Whether the rebound above $65k will hold
What we know
Bitcoin opened the week near $75k and fell to about $63k before reclaiming $65,000, liquidating $130M of shorts (market news accounts report). $854M was liquidated in 24 hours, $788M of it longs. An analyst attributes the last two days' selling to price-insensitive Coinbase spot aggression (unconfirmed). Some traders are calling a bottom near $60k, while a large trader opened a 40x, 1,000 BTC long that was quickly in profit.
Will Bitcoin dip to $60,000 in November?
Traders' bets on Polymarket, not a forecast by Global Eye 24. Polymarket · $595k traded · updated 09:31 UTC
Bitcoin price: open, low, reclaimed ($k)
What people are posting
Posts on X this story draws on. They are individual users' views and have not been verified by Global Eye 24.
“Bitcoin turns green and reclaims $65,000. $130 million shorts liquidated.”
View post →“$854M liquidated in 24 hours. $788M wiped from longs.”
View post →By the Global Eye 24 desk, with AI assistance. Updated as the story develops. Spot an error? Write to corrections@globaleye24.com.