August 19: The Day Crypto Exploded
Three catalysts hit simultaneously on August 19, 2026:
1) Trump's White House crypto summit pushing the CLARITY Act 2) U.S. Treasury doubling bond buybacks (signaling easier liquidity) 3) Massive short positioning ready to break
The Result: $2.99 billion in liquidations — the 8th largest in crypto history.
Bitcoin $BTC surged from $64,193 to $69,686 (+8.48% in 24 hours). Over $1 billion wiped in one hour. Ethereum jumped 18.16% to $2,257.
Current Status: $BTC now trades above $71,000. First time above $70K since early June.
This wasn't price movement. This was regime change.