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Bitcoin long liquidations surge after pullback, $80,000 foothold faces test

Bitcoin slipped to $78,000 after breaking above $80,000, triggering $324.4 million in forced liquidations in the crypto market. Most liquidations came from long positions, reversing last week’s short-led squeeze, data showed. CoinGlass recorded about 80,000 liquidations in 24 hours, with $270 million from longs. Analysts flagged rising leverage and positive funding rates as risks. The key focus is whether spot and ETF demand can absorb profit-taking above $80,000.