Bitcoin slides toward $80K as crypto long liquidations top $1 billion

Bitcoin slid below $80,000 as crypto long liquidations topped $1.1 billion, with rising oil prices and Treasury yields adding pressure. The selloff hit leveraged traders hard, forcing mass liquidations across exchanges. BTC's drop reflects broader macro headwinds, including higher yields and energy costs, which are squeezing risk assets. Traders now watch for further downside if conditions persist.