Bitcoin Rebounds Above $80,000 After $8.05M in Hyperliquid Long Liquidations

Bitcoin (BTC) returned above $80,000 after a brief drop below the threshold led to the liquidation of $8.05 million in long positions held by two large traders on Hyperliquid, with $278,000 in realized losses. At 1:40 p.m. ET (17:40 UTC), BTC traded at $80,108, down 1.78% over the previous 24 hours. That snapshot put Bitcoin $108 above the $80,000 mark after the dip that triggered the liquidations. A long position is a trade designed to benefit from a price increase. In leveraged trading, liquidation is the forced closure of a position when losses leave too little margin to support it. Bitcoin’s drop below $80,000 moved against the two traders’ long positions and led to their closure on Hyperliquid.

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