Bitcoin Price Trades Near $80K as Schiff Sees $75K as Next Level

TLDR: Bitcoin price fell below $80,000, with reported lows from $79,146 to $79,263, while CoinGlass recorded $239.65 million in BTC liquidations and $820.78 million market-wide. Longs accounted for $223 million, or 93.1%, of Bitcoin liquidations and $686.93 million of crypto-wide closures as leveraged positions unwound. U.S. spot Bitcoin ETFs lost $635.5 million Thursday and $137.9 million Friday; BlackRock’s IBIT and Fidelity’s FBTC led Thursday’s outflows. Schiff flagged $75,000 as the next level, but that price remains about $1,019 above Strategy’s reported $73,981 average cost per bitcoin, while ETF investors wait until Monday to trade.