Bitcoin Briefly Falls Below $80,000 as Crypto Longs Lose $404 Million
Bitcoin briefly dropped below $80,000 on Saturday. Long positions accounted for $404.15 million of $436.44 million in liquidations over four hours to 1 p.m. ET, according to CoinGlass data.
Bitcoin briefly dropped below $80,000 on Saturday, and traders with leveraged bets on higher prices took most of the losses. Of the $436.44 million in positions liquidated in the four hours to 1 p.m. ET, $404.15 million were longs, per CoinGlass liquidation data.Most of the liquidations came in two…