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MARKETS · DIGEST · BTCBTC-1.7%Bitcoin drops below $80K

Bitcoin slides below $80,000 as crypto longs lose $404 million in four-hour liquidation wave

digest · 2 sources
2 independentfirst seen published latency 12 min

Bitcoin briefly dropped below Crypto under weekend pressure, bitcoin slides below $80,000 on U.S.CoinDesk · · read it at the sourceamid weekend volatility tied to U.S. Middle East evacuations, according to CoinDesk. Crypto longs were liquidated for Crypto longs lose $404 million in four hours as bitcoin briefly slips below $80,000.The Block · · read it at the source in four hours, per The Block. Spot bitcoin ETFs shed Spot bitcoin ETFs lost $773 million on Thursday and Friday after three days of net inflows, per SoSoValue data.The Block · · read it at the source on Thursday and Friday after three consecutive days of inflows, SoSoValue data shows.

Sources: CoinDesk, The Block

This article is for information only and is not financial advice.

What the market did

Price reaction+0.51%BTC
Independent outlets2
Reports per hour0.36
Noveltyfollow-up2 outlet(s), 153 min spread
Before the headlinenothing above $100,000,000 in the 60 minutes beforea random hour: 13.1%

Each figure is this site’s own reading, with what it was measured against. A blank is a reading nobody took, not a zero. The before-the-headline window prints the rate a RANDOM hour clears the same bar, because a hit rate without its null is not a finding.

Tags: Bitcoin, Liquidations, Markets

Bitcoin

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