Crypto longs lose $404 million in four hours as bitcoin briefly slips below $80,000

Crypto Insight Summary: Spot bitcoin ETFs lost $773 million on Thursday and Friday after three days of net inflows, per SoSoValue data. Crypto Insight Analysis: Direction: Bearish BTC Impact: Major Impact Horizon: Short-term (1-3 days) Reasoning: Massive liquidation of $404M in longs and ETF outflows signal short-term bearish sentiment.