Bitcoin Faces Deeper Reset Risk as Bitfinex Warns of $70K Drop
AI summary
Bitfinex warned on Nov. 11 that bitcoin risks a prolonged decline, citing weak fund flows, uneven corporate demand and broader market pressures. The exchange also flagged growing futures exposure and steeper losses in altcoins, and pointed to a $75,717 level as a recovery test. Traders would read this as a warning that leveraged positioning could amplify downside if bitcoin fails to reclaim that level.
