# Bitcoin Slips Below $80,000 as $1.34 Billion in Longs Are Liquidated

By Enna Lee

Canonical URL: https://www.tokenpost.com/news/investing/44602
Published: 2026-10-30T11:26:53.000Z
Updated: 2026-10-30T11:26:53.000Z
Section: Investing

> Ether funding turned negative on OKX, while Bitcoin funding remained positive.

Bitcoin’s move below $80,000 coincided with $1.34 billion in liquidations of bullish positions. The price break and liquidation total put the focus on traders positioned for gains as Bitcoin moved beneath the threshold.

Ether (ETH) funding turned negative on OKX, while Bitcoin funding remained positive. That split shows funding did not move in the same direction for both assets during the long-side unwind. Bitcoin held a positive funding reading even as its price fell below $80,000, while Ether’s rate was negative.

Long positions are trades that benefit from rising prices, and the liquidation figure captures the value of those bullish positions closed. The $1.34 billion total quantifies the long-side unwind, while the funding readings add a separate measure of how conditions differed between Bitcoin and Ether. Together, the figures show a Bitcoin price drop accompanied by substantial long liquidations and divergent funding signals. The break below $80,000 is the central market development; the funding split gives another view of trading conditions across the two assets.