Bitcoin (BTC) recovered above $60,000 during Nov. 16 after a breakdown saw a trip to near $58,500. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Daily liquidations near $1 billion Data from Cointelegraph Markets Pro and TradingView tracked a resurgent BTC/USD as it reversed losses, which at one point topped 11%. After an overnight comedown accelerated, however, buyer support appeared to return — but not before 24-hour crypto liquidations hit $875 million. Crypto liquidations chart. Source: Coinglass Meanwhile, $58,400 corresponded with Cointelegraph contributor Michaël van de Poppe’s line in the sand to…
Bitcoin stages ‘picture-perfect rebound’ at $58.5K as crypto liquidations top $875M
