Bitcoin price dips 3% as liquidity hunt follows $4.6B MicroStrategy buy

Bitcoin appears to react to news that MicroStrategy went on a giant BTC buying spree last week.

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Bitcoin (BTC) gave back early-week gains at the Nov. 18 Wall Street open as a liquidity hunt came for late longs.

BTC/USD 1-hour chart. Source: TradingView

Data from Cointelegraph Markets Pro and TradingView showed a 3% BTC price drop, taking BTC/USD below the weekly close.

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