Bitcoin drops below $64,000 as bullish bets get wiped out over the weekend

BTC drops near $64,000 on Sturday afternoon, while Newhedge recorded long-liquidation events below $66,000.

Bitcoin fell below $66,000 on Saturday morning UTC as the selloff forced more bullish bets to close. By the afternoon, it traded near $65,500, leaving leveraged traders at risk of losing their positions before any rebound.

CryptoSlate's Bitcoin price page puts the asset down 6.5% over 24 hours, 15.8% over seven days and 19.7% over 30 days. It recorded $31.59 billion in trailing 24-hour trading volume.

Newhedge's futures dashboard recorded a $919,774 Binance BTCUSDT long-liquidation event at $65,976 at 14:26 UTC on Nov. 14. It recorded another worth $781,412 at $65,892 at 14:39 UTC.