Bitcoin Slides to $78,000 as Over $500 Million in Longs Get Liquidated
Bitcoin dropped about 3.2% over 24 hours to near $78,000, reversing gains from the prior week when it briefly topped $82,000.
Over $581 million in crypto positions liquidated, with ~95% from long bets led by BTC and ETH.
Broad risk-off move tied to hotter inflation data, surging bond yields, and spot Bitcoin ETF outflows.
Altcoins hit harder: SOL and XRP down ~5%, ETH ~3.3%.
Bitcoin tumbled to around $78,000 on May 16,...
