Bitcoin Briefly Falls Below $80,000 as Longs Lose $404 Million in Four Hours
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Bitcoin slipped under $80,000, triggering $404M in long liquidations in four hours amid ETF outflows and Arthur Hayes exiting positions. Bitcoin briefly dropped below $80,000 on Saturday, triggering a sharp wave of forced liquidations concentrated in leveraged long positions, according to data from CoinGlass . Of the $436.44 million in positions liquidated in the four hours to 1 p.m. ET, $404.15 million were longs, The Block reported . Most of the damage arrived in two concentrated bursts: $208.21 million in longs were liquidated in the 15 minutes from 10:15 a.m.
Source: Cryptopress
