Bitcoin Slip Below $80K Triggers $815 Million in Crypto Liquidations

• —Total 24-hour liquidations reached about $815 million, affecting over 200,000 traders
• —Nearly $402 million in longs were liquidated between 8 a.m. and noon ET alone
• —Bitcoin accounted for $158 million of four-hour liquidations, Ethereum for $137 million
• —Futures open interest fell 2.2% to $140.1 billion as traders cut exposure