Bitcoin drops to around $78,000, triggering $552M in leveraged long liquidations

Bitcoin slid 3.2% to about $78,000 during Asian trading on Saturday, reversing last week's rally. Data from CoinGlass showed roughly $581 million in liquidations over the past 24 hours, with about 95% tied to long positions. Major altcoins also weakened: Solana fell 5%, XRP dropped 4.3%, and Ether declined 3.3%.