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Bitcoin drops below $73,000 as long liquidations mount

Bitcoin fell below $73,000 on November 12, touching its lowest price level since August as over $210 million in long positions were liquidated in 24 hours.

Bitcoin to U.S. Dollar candlestick price chart showing a steep decline dropping below $73,000 toward $72,600.
Image: @cryptorover

Bitcoin tumbled below the $73,000 mark on November 12, according to reports from cryptocurrency market accounts Whale Insider and BlockNews. BlockNews noted that the decline came amid continued selling pressure across the broader cryptocurrency market.[2][3]

The retreat pushed Bitcoin to its lowest valuation since August, according to market commentator Crypto Rover. The analyst stated that more than $210 million worth of long positions had been liquidated over the prior 24-hour period, sharing a price chart that showed the cryptocurrency dipping toward the $72,600 level.[1]

Key facts

  • Bitcoin fell below $73,000 on November 12, 2026, according to Whale Insider and BlockNews.
  • BlockNews reported that the price drop occurred as selling pressure persisted across the cryptocurrency market.
  • The decline pushed Bitcoin to its lowest price level since August, according to Crypto Rover.
  • More than $210 million in long positions were liquidated over the preceding 24 hours, per Crypto Rover.

Sources · 3 sources

  1. CR

    Crypto Rover@cryptoroverPost on X ·

    BREAKING: $BTC just fell to its lowest level since August. Over $210 million worth of longs liquidated in the past 24 hours. The dumping continues… https://t.co/R7NVGivFnD

    Open source
  2. BL

    BlockNews@blocknewsdotcomPost on X ·

    🚨 JUST IN: Bitcoin $BTC drops below $73,000 as selling pressure continues across the crypto market! 📉 https://t.co/B8kFcJnc8E

    Open source
  3. WI

    Whale Insider@WhaleInsiderPost on X ·

    JUST IN: $BTC falls below $73,000. https://t.co/Nu0t5C0UVV

    Open source