Here’s why Bitcoin losing $6K in hours was good for BTC price action

Bitcoin (BTC) traded just below $65,000 on Nov. 11 after an overnight correction cancelled out previous snap gains.

*BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView*

“No free lunch” for speculators

Data from Cointelegraph Markets Pro and TradingView showed BTC/USD recovering after briefly dipping below $63,000 in fresh volatility.

The pair had moved up sharply on the back of U.S….

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Bitcoin(BTC)$43,750.004.76%

BITCOIN
24H : 4.76%
Volume : $35,786,430,827.00
Marketcap : $855,427,007,198.00
Ethereum(ETH)$2,264.531.58%

ETHEREUM
24H : 1.58%
Volume : $27,470,747,496.00
Marketcap : $272,340,907,520.00
Tether(USDT)$1.0000.00%

TETHER
24H : 0.00%
Volume : $53,452,849,644.00
Marketcap : $89,886,811,265.00
BNB(BNB)$230.66-0.25%

BNB
24H : -0.25%
Volume : $918,656,013.00
Marketcap : $35,535,643,406.00
XRP(XRP)$0.6210.030%

XRP
24H : 0.030%
Volume : $1,240,273,468.00
Marketcap : $33,469,520,552.00
Solana(SOL)$60.91-1.20%

SOLANA
24H : -1.20%
Volume : $1,675,449,724.00
Marketcap : $25,882,570,458.00
USDC(USDC)$1.000-0.03%

USDC
24H : -0.03%
Volume : $15,301,694,743.00
Marketcap : $24,286,209,816.00
Lido Staked Ether(STETH)$2,265.951.75%

LIDO STAKED ETHER
24H : 1.75%
Volume : $70,802,473.00
Marketcap : $21,023,107,950.00
Cardano(ADA)$0.4194.61%

CARDANO
24H : 4.61%
Volume : $478,177,925.00
Marketcap : $14,669,531,127.00
Dogecoin(DOGE)$0.0934.52%

DOGECOIN
24H : 4.52%
Volume : $1,532,797,952.00
Marketcap : $13,200,419,308.00
TRON(TRX)$0.1040.370%

TRON
24H : 0.370%
Volume : $396,641,200.00
Marketcap : $9,165,490,538.00
Chainlink(LINK)$15.51-0.58%

CHAINLINK
24H : -0.58%
Volume : $642,982,667.00
Marketcap : $8,669,827,923.00
Avalanche(AVAX)$23.476.77%

AVALANCHE
24H : 6.77%
Volume : $712,847,855.00
Marketcap : $8,597,521,069.00
Toncoin(TON)$2.411.06%

TONCOIN
24H : 1.06%
Volume : $19,978,997.00
Marketcap : $8,325,620,833.00
Polkadot(DOT)$5.783.66%

POLKADOT
24H : 3.66%
Volume : $326,148,815.00
Marketcap : $7,557,083,812.00
Polygon(MATIC)$0.8060.760%

POLYGON
24H : 0.760%
Volume : $470,586,613.00
Marketcap : $7,489,232,799.00
Wrapped Bitcoin(WBTC)$43,584.004.50%

WRAPPED BITCOIN
24H : 4.50%
Volume : $263,229,586.00
Marketcap : $6,983,661,015.00
Shiba Inu(SHIB)$0.000009003.97%

SHIBA INU
24H : 3.97%
Volume : $457,861,091.00
Marketcap : $5,506,590,494.00
Litecoin(LTC)$72.791.000%

LITECOIN
24H : 1.000%
Volume : $646,324,165.00
Marketcap : $5,398,948,378.00
Dai(DAI)$0.9990.050%

DAI
24H : 0.050%
Volume : $597,167,221.00
Marketcap : $5,333,681,710.00
Bitcoin Cash(BCH)$251.191.51%

BITCOIN CASH
24H : 1.51%
Volume : $246,836,039.00
Marketcap : $4,915,639,385.00
Uniswap(UNI)$6.222.73%

UNISWAP
24H : 2.73%
Volume : $421,427,915.00
Marketcap : $4,683,619,249.00
OKB(OKB)$57.98-2.15%

OKB
24H : -2.15%
Volume : $18,300,102.00
Marketcap : $3,484,806,197.00
LEO Token(LEO)$3.71-0.38%

LEO TOKEN
24H : -0.38%
Volume : $1,404,669.00
Marketcap : $3,446,082,230.00
Stellar(XLM)$0.1220.360%

STELLAR
24H : 0.360%
Volume : $76,889,781.00
Marketcap : $3,428,567,368.00
Monero(XMR)$171.072.43%

MONERO
24H : 2.43%
Volume : $79,575,926.00
Marketcap : $3,107,621,770.00
Kaspa(KAS)$0.140-1.65%

KASPA
24H : -1.65%
Volume : $47,613,552.00
Marketcap : $3,054,247,481.00
Ethereum Classic(ETC)$20.152.04%

ETHEREUM CLASSIC
24H : 2.04%
Volume : $183,906,057.00
Marketcap : $2,885,943,338.00
Cosmos Hub(ATOM)$9.801.84%

COSMOS HUB
24H : 1.84%
Volume : $192,902,014.00
Marketcap : $2,872,480,584.00
TrueUSD(TUSD)$0.9980.150%

TRUEUSD
24H : 0.150%
Volume : $352,871,180.00
Marketcap : $2,852,298,296.00
Cronos(CRO)$0.0981.39%

CRONOS
24H : 1.39%
Volume : $21,742,502.00
Marketcap : $2,599,570,132.00
Internet Computer(ICP)$5.081.72%

INTERNET COMPUTER
24H : 1.72%
Volume : $50,052,151.00
Marketcap : $2,292,666,656.00
Filecoin(FIL)$4.771.93%

FILECOIN
24H : 1.93%
Volume : $187,858,452.00
Marketcap : $2,278,677,838.00
NEAR Protocol(NEAR)$2.247.16%

NEAR PROTOCOL
24H : 7.16%
Volume : $303,200,441.00
Marketcap : $2,247,544,154.00
Hedera(HBAR)$0.0663.47%

HEDERA
24H : 3.47%
Volume : $65,240,418.00
Marketcap : $2,200,800,006.00
Lido DAO(LDO)$2.391.11%

LIDO DAO
24H : 1.11%
Volume : $69,555,305.00
Marketcap : $2,135,560,446.00
Aptos(APT)$7.642.36%

APTOS
24H : 2.36%
Volume : $137,896,134.00
Marketcap : $2,130,639,515.00
THORChain(RUNE)$6.46-2.57%

THORCHAIN
24H : -2.57%
Volume : $489,090,431.00
Marketcap : $1,942,883,029.00
Bittensor(TAO)$338.160.290%

BITTENSOR
24H : 0.290%
Volume : $10,177,670.00
Marketcap : $1,938,409,410.00
Immutable(IMX)$1.421.09%

IMMUTABLE
24H : 1.09%
Volume : $762,841,999.00
Marketcap : $1,829,771,145.00
Mantle(MNT)$0.577-2.76%

MANTLE
24H : -2.76%
Volume : $19,483,556.00
Marketcap : $1,805,894,648.00
VeChain(VET)$0.0253.96%

VECHAIN
24H : 3.96%
Volume : $73,544,752.00
Marketcap : $1,800,652,481.00
Stacks(STX)$1.175.82%

STACKS
24H : 5.82%
Volume : $319,534,173.00
Marketcap : $1,668,309,470.00
Optimism(OP)$1.802.25%

OPTIMISM
24H : 2.25%
Volume : $180,253,626.00
Marketcap : $1,643,121,200.00
BUSD(BUSD)$1.000.040%

BUSD
24H : 0.040%
Volume : $6,639,922,250.00
Marketcap : $1,616,492,045.00
Quant(QNT)$103.392.36%

QUANT
24H : 2.36%
Volume : $39,367,552.00
Marketcap : $1,509,428,526.00
The Graph(GRT)$0.1565.99%

THE GRAPH
24H : 5.99%
Volume : $82,191,341.00
Marketcap : $1,454,883,878.00
Aave(AAVE)$97.86-0.87%

AAVE
24H : -0.87%
Volume : $138,273,441.00
Marketcap : $1,438,008,258.00
Injective(INJ)$16.580.740%

INJECTIVE
24H : 0.740%
Volume : $124,896,575.00
Marketcap : $1,404,007,953.00
Celestia(TIA)$9.544.96%

CELESTIA
24H : 4.96%
Volume : $312,318,790.00
Marketcap : $1,395,206,225.00
Arbitrum(ARB)$1.080.560%

ARBITRUM
24H : 0.560%
Volume : $365,204,901.00
Marketcap : $1,377,932,744.00
Maker(MKR)$1,471.04-0.63%

MAKER
24H : -0.63%
Volume : $66,708,427.00
Marketcap : $1,353,704,006.00
Render(RNDR)$3.60-1.32%

RENDER
24H : -1.32%
Volume : $112,597,299.00
Marketcap : $1,347,247,382.00
Rocket Pool ETH(RETH)$2,478.021.59%

ROCKET POOL ETH
24H : 1.59%
Volume : $20,760,872.00
Marketcap : $1,335,792,518.00
ORDI(ORDI)$63.7531.73%

ORDI
24H : 31.73%
Volume : $1,110,824,670.00
Marketcap : $1,334,644,561.00
Terra Luna Classic(LUNC)$0.00023-10.59%

TERRA LUNA CLASSIC
24H : -10.59%
Volume : $692,938,059.00
Marketcap : $1,330,730,714.00
MultiversX(EGLD)$50.47-2.15%

MULTIVERSX
24H : -2.15%
Volume : $39,351,649.00
Marketcap : $1,327,745,751.00
Synthetix Network(SNX)$3.854.14%

SYNTHETIX NETWORK
24H : 4.14%
Volume : $74,225,952.00
Marketcap : $1,251,868,348.00
Algorand(ALGO)$0.1520.540%

ALGORAND
24H : 0.540%
Volume : $76,852,252.00
Marketcap : $1,217,508,111.00
Flow(FLOW)$0.80312.77%

FLOW
24H : 12.77%
Volume : $129,928,769.00
Marketcap : $1,185,140,487.00
Theta Network(THETA)$1.123.21%

THETA NETWORK
24H : 3.21%
Volume : $24,825,450.00
Marketcap : $1,118,102,848.00
First Digital USD(FDUSD)$1.000.390%

FIRST DIGITAL USD
24H : 0.390%
Volume : $407,903,454.00
Marketcap : $1,071,109,810.00
Bitcoin SV(BSV)$51.890.520%

BITCOIN SV
24H : 0.520%
Volume : $43,616,622.00
Marketcap : $1,025,401,418.00
IOTA(IOTA)$0.317-4.54%

IOTA
24H : -4.54%
Volume : $43,764,979.00
Marketcap : $970,298,908.00
KuCoin(KCS)$9.7517.86%

KUCOIN
24H : 17.86%
Volume : $477,270.00
Marketcap : $943,847,591.00
The Sandbox(SAND)$0.4455.24%

THE SANDBOX
24H : 5.24%
Volume : $151,381,107.00
Marketcap : $936,618,835.00
Axie Infinity(AXS)$7.004.79%

AXIE INFINITY
24H : 4.79%
Volume : $109,151,356.00
Marketcap : $931,543,290.00
Fantom(FTM)$0.3306.26%

FANTOM
24H : 6.26%
Volume : $125,735,850.00
Marketcap : $923,733,585.00
GALA(GALA)$0.0307.48%

GALA
24H : 7.48%
Volume : $877,926,740.00
Marketcap : $878,292,329.00
Decentraland(MANA)$0.4664.68%

DECENTRALAND
24H : 4.68%
Volume : $129,722,031.00
Marketcap : $861,654,751.00
NEO(NEO)$12.191.50%

NEO
24H : 1.50%
Volume : $50,995,916.00
Marketcap : $859,590,133.00
WEMIX(WEMIX)$2.58-1.38%

WEMIX
24H : -1.38%
Volume : $6,740,821.00
Marketcap : $852,139,036.00
EOS(EOS)$0.7383.37%

EOS
24H : 3.37%
Volume : $100,780,891.00
Marketcap : $834,560,981.00
Kava(KAVA)$0.8150.220%

KAVA
24H : 0.220%
Volume : $18,153,404.00
Marketcap : $813,876,610.00
WhiteBIT Coin(WBT)$5.603.15%

WHITEBIT COIN
24H : 3.15%
Volume : $7,879,116.00
Marketcap : $807,139,518.00
Tezos(XTZ)$0.8882.69%

TEZOS
24H : 2.69%
Volume : $35,761,535.00
Marketcap : $794,101,905.00
Conflux(CFX)$0.21610.34%

CONFLUX
24H : 10.34%
Volume : $205,086,091.00
Marketcap : $765,801,201.00
Mina Protocol(MINA)$0.7531.79%

MINA PROTOCOL
24H : 1.79%
Volume : $28,901,627.00
Marketcap : $763,020,911.00
XDC Network(XDC)$0.0536.79%

XDC NETWORK
24H : 6.79%
Volume : $20,586,299.00
Marketcap : $736,697,535.00
Bitget Token(BGB)$0.514-0.50%

BITGET TOKEN
24H : -0.50%
Volume : $15,072,688.00
Marketcap : $719,692,475.00
USDD(USDD)$0.9900.400%

USDD
24H : 0.400%
Volume : $11,734,358.00
Marketcap : $718,848,799.00
Pyth Network(PYTH)$0.45811.57%

PYTH NETWORK
24H : 11.57%
Volume : $132,773,468.00
Marketcap : $686,606,048.00
Terra(LUNA)$1.15-1.00%

TERRA
24H : -1.00%
Volume : $389,294,787.00
Marketcap : $686,111,051.00
Klaytn(KLAY)$0.2072.30%

KLAYTN
24H : 2.30%
Volume : $11,064,220.00
Marketcap : $679,569,742.00
Frax Ether(FRXETH)$2,256.941.60%

FRAX ETHER
24H : 1.60%
Volume : $4,913,641.00
Marketcap : $674,480,098.00
Illuvium(ILV)$109.961.63%

ILLUVIUM
24H : 1.63%
Volume : $42,060,587.00
Marketcap : $670,119,037.00
Tokenize Xchange(TKX)$8.382.81%

TOKENIZE XCHANGE
24H : 2.81%
Volume : $12,908,732.00
Marketcap : $669,798,475.00
Frax(FRAX)$0.9990.090%

FRAX
24H : 0.090%
Volume : $14,088,900.00
Marketcap : $669,617,426.00
Pepe(PEPE)$0.0000020017.42%

PEPE
24H : 17.42%
Volume : $499,253,906.00
Marketcap : $662,980,294.00
Cheelee(CHEEL)$12.271.66%

CHEELEE
24H : 1.66%
Volume : $5,092,243.00
Marketcap : $660,572,893.00
Sei(SEI)$0.3069.08%

SEI
24H : 9.08%
Volume : $152,092,101.00
Marketcap : $659,203,017.00
Frax Share(FXS)$8.741.93%

FRAX SHARE
24H : 1.93%
Volume : $39,320,247.00
Marketcap : $657,668,589.00
PancakeSwap(CAKE)$2.556.66%

PANCAKESWAP
24H : 6.66%
Volume : $174,597,674.00
Marketcap : $656,547,614.00
Sui(SUI)$0.6301.07%

SUI
24H : 1.07%
Volume : $170,793,219.00
Marketcap : $651,923,807.00
Rocket Pool(RPL)$31.00-0.65%

ROCKET POOL
24H : -0.65%
Volume : $11,730,358.00
Marketcap : $618,243,509.00
ApeCoin(APE)$1.674.97%

APECOIN
24H : 4.97%
Volume : $105,453,227.00
Marketcap : $616,257,297.00
Beam(BEAM)$0.0138.17%

BEAM
24H : 8.17%
Volume : $31,744,007.00
Marketcap : $613,725,297.00
eCash(XEC)$0.0000310.260%

ECASH
24H : 0.260%
Volume : $7,206,199.00
Marketcap : $606,463,419.00
Chiliz(CHZ)$0.0791.75%

CHILIZ
24H : 1.75%
Volume : $65,006,735.00
Marketcap : $605,700,752.00
Blur(BLUR)$0.532-0.41%

BLUR
24H : -0.41%
Volume : $212,957,765.00
Marketcap : $601,742,007.00