Bitcoin slips below $80,000 as $404 million in longs get liquidated
- —$436.44 million liquidated in four hours, $404.15 million in longs
- —Bitcoin touched $79,280 before rebounding above $80,000
- —Spot Bitcoin ETFs lost $773 million over Thursday and Friday
- —Binance accounted for $226 million of liquidations, Hyperliquid $70.47 million
Why it matters: The liquidation cascade and ETF outflows add selling pressure on BTC at the key $80,000 support.
Source: Bitcoinist