Bitcoin Faces Deeper Reset Risk as Bitfinex Warns of $70K Drop

Bitfinex warned Nov. 11 that bitcoin risks a deeper reset, meaning a prolonged decline, due to weak fund flows, uneven corporate demand, and broader market pressures. The exchange flagged growing futures exposure and steeper altcoin losses. Bitcoin now faces a $75,717 recovery test, with the warning suggesting a potential drop toward $70K.