Bitcoin Slides to About $78,000 as Massive Long Liquidations Hammer Crypto Market
A concentrated liquidation event targeted long positions across crypto markets, sending Bitcoin toward $78,000 and erasing a week’s gains. Roughly $581 million of leveraged positions were liquidated during the 24-hour episode, with about $552 million coming from long bets. The move coincided with higher inflation prints, rising oil prices and a jum…