Bitcoin briefly slips below $80,000 as crypto longs lose $404 million in four hours
Bitcoin briefly fell below $80,000, and crypto long positions lost $404 million over four hours, The Block reported. The outlet also reported, citing SoSoValue data, that spot bitcoin ETFs lost $773 million on Thursday and Friday after three days of net inflows.
Only one publisher so far. Another independent outlet or an official source would raise it.
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Key facts
Attributed sources: The Block
BTC after this site detected it
- 5 minutes+0.09%Gate · USDT
- 1 hour+0.25%Gate · USDT
- 24 hours—Window not complete
Claims and open questions
What sources claim
- The Block reported that crypto longs lost $404 million in four hours as bitcoin briefly slipped below $80,000.
- Citing SoSoValue data, The Block reported that spot bitcoin ETFs lost $773 million on Thursday and Friday after three days of net inflows.
Still unresolved
- What liquidation data or exchange figures confirm the $404 million in long losses, and which venues they cover.
- Whether additional flows data from SoSoValue or ETF issuers will revise the $773 million two-day outflow figure.
Model-assisted explanation; citations, numbers and output format are checked. This is not independent semantic verification.
Source evidence
www.theblock.co
Published 24/10/2026, 17:44 · Received 24/10/2026, 17:45
Original source titles remain in their source language. Full articles are not republished.
Market reaction after detection
Returns start at the sample closest to site detection (within the same minute up to 10 minutes later), using the same data source and quote currency. Actual sample times are shown; missing observations remain blank.
| Window | Return | Actual sampled interval / source |
|---|---|---|
| 5 minutes | +0.09% | 24/10/2026, 17:45 → 24/10/2026, 17:50 (UTC) Gate · USDT |
| 1 hour | +0.25% | 24/10/2026, 17:45 → 24/10/2026, 18:47 (UTC) Gate · USDT |
| 24 hours | — | Awaiting a complete valid window |
Historical market context
Research: hourly returns and BTC beta →
Closed hourly candles from the 30 days before this event observation. Different venues are kept separate.
| Metric | Value |
|---|---|
| Hourly coverage | 100.0% (720/720) |
| Median absolute 1h return | 0.14% |
| 99th percentile of absolute 1h returns | 1.01% |
OKX · USDT · Context as of 24/10/2026, 17:45 · Last included candle closed 24/10/2026, 17:00
Hourly descriptive statistics, not minute-move probabilities. Backfilled history never moves the observation cutoff above.
Event timeline
Source publication, receipt and analysis times are separate. All times UTC.
Source published: The Block
Source received: The Block
Event first detected by this site
Evidence record updated
English explanation generated
Latest content update
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