Why is Bitcoin price down today? By Cointelegraph

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Why is Bitcoin price down today?

(BTC) price accelerated its sell-off on Nov. 21 to hit a new yearly low at $15,654.

The move follows a market-wide decline that was catalyzed by investors running for the hills in fear that the FTX-induced contagion would infect every corner of the crypto sector.

BTC open interest by strike price. Coinglass
Realized losses for Bitcoin. Source: Glassnode
Grayscale BTC holdings. Source: Coinglass