Bitcoin Price Suddenly Dumps Below $80K as Liquidations Surge to $670M

Bitcoin fell below $80,000 on Saturday, reaching a nine-day low of $79,750 before finding support, while CoinGlass data showed the total value of liquidated positions over the past day reached $670 million. More than 213,000 traders were liquidated, including $220 million from long positions, and the largest single liquidation, on Binance, was worth almost $12 million. The drop followed a Wednesday rally that took Bitcoin close to $85,000 for the first time in about two weeks, before it fell to $81,000 and traded between $81,000 and $82,000 on Friday. Altcoins also declined, with Ether below $2,350, BNB under $730, XRP below $1.30 and SOL under $100.