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Bitcoin slips below 80K as profit booking and liquidations follow ETF inflows
Economy
Published on 8 May 2026
Spot Bitcoin ETFs keep buying while traders dump leverage fast
Bitcoin slipped below $80,000 after a sharp rally, as investors booked profits and leveraged positions were liquidated amid escalating Iran US uncertainty. Even as price weakened, spot Bitcoin ETFs still pulled in about $1 billion, signaling steady institutional demand. The market appears to be consolidating, with traders watching upcoming economic data for direction.
- Bitcoin fell under $80K after a strong rally
- Profit booking and leveraged liquidations accelerated the pullback
- Spot Bitcoin ETFs continued to attract heavy inflows
- Geopolitical tensions and upcoming economic data drive sentiment
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times