Bitcoin Loses $80,000 as $200 Million in Leverage Unwinds in an Hour

Bitcoin (BTC) slipped below $80,000 on Saturday as over $200 million in crypto positions were liquidated within an hour. Traders betting on higher prices accounted for $191.33 million of this total. Ethereum (ETH) also fell alongside the leading cryptocurrency. BeInCrypto Markets data shows the total crypto market cap is down 4.06% over the past 24 hours.