THE BLOCK · 2026-10-24 17:44 UTC

Crypto longs lose $404 million in four hours as bitcoin briefly slips below $80,000

Crypto longs lost $404 million in liquidations over four hours as bitcoin briefly fell below $80,000 on Saturday. Spot bitcoin ETFs posted $773 million in net outflows over Thursday and Friday after three days of inflows. BitMEX co-founder Arthur Hayes said he sold out of his fund's directional book.

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