--- title: "Bitcoin briefly slips below $80,000 as crypto longs lose $404 million in four hours" description: "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. Reported by The Block on 2026-10-24.…" language: en canonical: "https://whycoinmoves.com/en/events/bitcoin-crypto-longs-lose-404-million-69dcb88300c79c" published: 2026-10-24T17:45:57.000Z updated: 2026-10-24T18:47:49.000Z indexable: true --- # 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. Reported by The Block on 2026-10-24.… Attributed sources: [The Block]() ## Key facts 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. Evidence strength: Single source, 1 publisher group(s) (The Block); this describes source coverage, not truth or causation. After site detection, observed returns were 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). Unlisted windows are unavailable. In the preceding 30 days, the 99th percentile of absolute hourly returns was 1.01% (OKX · USDT; cutoff 24/10/2026, 17:45, UTC). This hourly baseline is not directly comparable with a minute move. ## Returns after site detection | Window | Return | BTC | Difference from BTC | Actual sampled interval (UTC) | Source | | --- | --- | --- | --- | --- | --- | | 5 minutes | +0.09% | +0.09% | 0.00 pp | 24/10/2026, 17:45 → 24/10/2026, 17:50 | Gate · USDT | | 1 hour | +0.25% | +0.25% | 0.00 pp | 24/10/2026, 17:45 → 24/10/2026, 18:47 | Gate · USDT | | 24 hours | — | — | — | — | — | ## Historical hourly baseline | Metric | Value | | --- | --- | | Ready | true | | Coverage | 100.0% (720/720) | | Median absolute hourly return | 0.14% | | 99th percentile of absolute hourly returns | 1.01% | | BTC beta | 1.00 | | Source / cutoff (UTC) | OKX · USDT / 24/10/2026, 17:45 | ## Claims and open questions - 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. - 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. ## Source evidence - [Crypto longs lose $404 million in four hours as bitcoin briefly slips below $80,000]() — The Block; published 24/10/2026, 17:44; received 24/10/2026, 17:45 (UTC). ## Recent BTC events and market reactions - [Xapo CEO says wealthy bitcoin holders are turning to loans and yield]() — Published 24/10/2026, 14:00 (UTC) · Single source (1 publisher) · General news · 5m +0.00% / 1h -0.78% / 24h -0.46% - [Robinhood says bitcoin, gold and oil prediction markets are its fastest-growing products]() — Published 23/10/2026, 13:58 (UTC) · Single source (1 publisher) · Market watch · 5m -0.15% / 1h -0.53% / 24h -1.60% - [Block launches first mass-consumer Bitcoin ad campaign, "Bitcoin Does"]() — Published 23/10/2026, 13:21 (UTC) · Single source (1 publisher) · Project updates · 5m -0.12% / 1h -0.55% / 24h -1.30% - [US spot bitcoin ETFs log $635.6 million daily outflow]() — Published 23/10/2026, 07:09 (UTC) · Multiple publishers (4 publishers) · Market watch · 5m -0.02% / 1h +0.13% / 24h -1.13% - [Bitcoin Core changes security policy for AI-discoverable bugs]() — Published 23/10/2026, 04:34 (UTC) · Multiple publishers (4 publishers) · General news · 5m -0.02% / 1h +0.15% / 24h -0.98% - [Full coin archive]() ## Research for this archive - [Altcoin beta to Bitcoin: BTC, ETH, SOL and DOGE hourly returns]() - [Will Bitcoin go back up? Every crash since 2011 and its recovery time]() - [Perpetual funding rates and annualized yield: a 2025 comparison]() - [Bitcoin halving and bull markets: evidence from four halvings]() [Methods and limitations]() Publisher count is not independent evidence count. Price changes cannot verify news or prove causation.