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(BTC) not too long ago surged above $37,000 between Nov. 10 and 12, solely to falter and endure a correction towards $35,000 on Nov. 13.

This abrupt motion triggered the liquidation of $121 million price of lengthy futures contracts, and whereas Bitcoin’s value stabilized round $35,800 on Nov. 14, buyers are left pondering the underlying components behind this downturn.

Bitcoin 12-hour value index, USD. Supply: TradingView