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Bitcoin Breaks Below $72,000 as Multiweek Slide Deepens

Bitcoin Breaks Below $72,000 as Multiweek Slide Deepens
AI summary

Bitcoin fell below $72,000 as its multiweek decline deepened, with Coinbase printing a low of $71,500. Coinalyze-tracked derivatives markets saw $368 million in 24-hour liquidations, mostly from bullish bets. The cascade of long liquidations signals weakening momentum and could pressure prices further as leveraged longs are flushed out.

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