Cryptocurrency markets are trading mostly flat, as discussions around the DJT meme coin continue.

Notable Statistics:

• IntoTheBlock data notes a 432.2% increase in Bitcoin’s exchanges netflows. Bitcoin holders making a profit at current levels dropped to 89% from 92% earlier in the day.
• Coinglass data indicates short liquidations of $21.2 million, the highest since June 12. In the past 24 hours, 48,622 traders were liquidated for $118.52 million.
• Tyler D cited CryptoQuant data showing that long-term Bitcoin whales have sold $1.2 billion worth of BTC over the past 2 weeks.
• CrypNuevo indicates a big cluster of liquidations at $67,700 and a smaller one at $63,800. “This opens the possibility of a sweep of the lows to liquidate some longs first.”

Notable Developments:

• Binance Fined $2.25M By India’s Financial Intelligence Unit For Anti-Money Laundering Violations (UPDATED)
• UK Busts Illegal Crypto Exchange For Allegedly Facilitating $1.26B Worth Trades
• MicroStrategy Doubles Down On Bitcoin With $786M Purchase
• German Government Sells $195M In Bitcoin, Has $3B Left

Top Gainers:

Trader Daan Crypto Trades correlated Bitcoin’s biggest liquidity zone which continues to remain at $72,000 corresponding to the range highs. He added, “Price is pretty far off any major liquidity level as we speak.”

What’s Next: The influence of Bitcoin as an institutional asset class is expected to be thoroughly explored at Benzinga’s upcoming Future of Digital Assets event on Nov. 19.

Read Next:Bitcoin Whale Makes $395M Purchase: Here’s How Their Last Trade Went

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