Bitcoin slips below $78K as longs absorb $270M hit
Aug 26 2026 15:55 UTC
Bitcoin fell below $78,000 after its breakout above $81,000 reversed, triggering a wave of long liquidations as traders took profits and bullish leverage unwound. Strong US spot ETF inflows, however, suggest underlying demand has not disappeared. Bitcoin price retreats after…
➤ Bitcoin experienced a significant price drop below $78,000, reversing an earlier breakout above $81,000, leading to substantial long liquidations.
➤ Despite the price pullback driven by profit-taking and unwinding of leveraged positions, strong inflows into US spot Bitcoin ETFs indicate persistent underlying demand.
➤ Future price movements will depend on the ability of spot demand to absorb profit-taking and the influence of macroeconomic factors like US policy and Treasury yields.
Read more at: https://rwatimes.io/articles/coinmarketcap-bitcoin-slips-below-78-k-as-longs-absorb-270-m-hit-58605690?utm_source=binance
Aug 26 2026 15:55 UTC
Bitcoin fell below $78,000 after its breakout above $81,000 reversed, triggering a wave of long liquidations as traders took profits and bullish leverage unwound. Strong US spot ETF inflows, however, suggest underlying demand has not disappeared. Bitcoin price retreats after…
➤ Bitcoin experienced a significant price drop below $78,000, reversing an earlier breakout above $81,000, leading to substantial long liquidations.
➤ Despite the price pullback driven by profit-taking and unwinding of leveraged positions, strong inflows into US spot Bitcoin ETFs indicate persistent underlying demand.
➤ Future price movements will depend on the ability of spot demand to absorb profit-taking and the influence of macroeconomic factors like US policy and Treasury yields.
Read more at: https://rwatimes.io/articles/coinmarketcap-bitcoin-slips-below-78-k-as-longs-absorb-270-m-hit-58605690?utm_source=binance