Bitcoin (BTC) slipped below $80,000 on Saturday as more than $200 million in crypto positions were liquidated within an hour. Traders betting on higher prices accounted for $191.33 million of that total.

Ethereum (ETH) fell alongside the leading crypto. BeInCrypto Markets data shows the total crypto market cap down 4.06% over the past 24 hours, at $2.72 trillion. The liquidation data shows who absorbed most of the losses.

Bullish Traders Absorb the Heaviest Losses

The hourly wave formed part of a larger 24-hour total. Data from Coinglass shows $837.12 million in liquidations over that period, hitting 227,681 traders.

Long positions made up 82.8% of that figure,…