Bitcoin faces Nov. 22 recovery test after $2.22B ETF exodus
Bitcoin has dropped as much as 16.8% from its September high and faces a Nov. 22 recovery test after $2.22 billion exited spot Bitcoin ETFs. Bitfinex analysts warn that weak spot buying and stubborn leverage could turn the correction into a deeper decline. Traders should watch whether the Nov. 22 test holds, since a failure could accelerate leveraged selling.