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Bitcoin briefly dropped to $77,870 after its rally above $80,000, triggering more than $300 million in crypto liquidations. CryptoSlate said profit-taking and the reversal from short to long squeezes drove the latest market move.
Bitcoin fell to $79,000 on Wednesday after rising 23% in seven days. August ETF inflows moved above $3 billion, while demand remained steady, according to CoinDesk.
Bitcoin ETFs have posted inflows for seven straight days, cutting their 2026 year-to-date net outflow deficit by more than half. Their inflow total remains $390 million below October 2025’s level, Cointelegraph reported.
Mistral and Saudi-backed HUMAIN plan to build sovereign AI infrastructure in Saudi Arabia and across the region in a partnership valued at hundreds of millions of euros, reinforcing Gulf investment in European artificial intelligence.
