Bitcoin’s move through $80,000 has shifted from a rally fueled by the unwinding of bearish positions to a pullback that is pressuring bullish traders. The cryptocurrency fell to $77,870 over the past 24 hours before recovering above $79,000, according to data cited by CryptoSlate. The decline triggered more than $300 million in crypto liquidations as traders took profits following the sharp advance. The rally had been supported by developments involving the Treasury, inflows into exchange-traded funds, and a squeeze on short positions. With the retreat below $78,000, leveraged long positions became exposed to forced closures, marking a change in the market’s liquidation dynamic. Bitcoin remains the primary asset highlighted in the report, while the liquidation figure covers the broader crypto market. CryptoSlate published its analysis on August 26, 2026.
