$BITCOIN
$3.1B IN CRYPTO SHORTS JUST GOT LIQUIDATED AS #BITCOIN BROKE HIGHER ๐
CoinGlass data showed total liquidations across Aug. 19โ20 reached roughly $3.1B.
In other words ๐ The market was crowded short, and Bitcoin punished that positioning fast.
โ Bitcoin broke above $72,000
โ Shorts were forced to close
โ Thursday marked a record short wipeout on CoinGlass
โ Crypto stocks and ETFs rallied too
This was not just a price move.
It was a massive short squeeze.
THE SHORTS GOT WIPED. BITCOIN KEPT MOVING. ๐
#FASBProposesStablecoinsAsCashEquivalents
#WalmartFalls7%
#TrumpPressesCongressToPassClarityAct
#USJoblessClaimsFallTo206000
$3.1B IN CRYPTO SHORTS JUST GOT LIQUIDATED AS #BITCOIN BROKE HIGHER ๐
CoinGlass data showed total liquidations across Aug. 19โ20 reached roughly $3.1B.
In other words ๐ The market was crowded short, and Bitcoin punished that positioning fast.
โ Bitcoin broke above $72,000
โ Shorts were forced to close
โ Thursday marked a record short wipeout on CoinGlass
โ Crypto stocks and ETFs rallied too
This was not just a price move.
It was a massive short squeeze.
THE SHORTS GOT WIPED. BITCOIN KEPT MOVING. ๐
#FASBProposesStablecoinsAsCashEquivalents
#WalmartFalls7%
#TrumpPressesCongressToPassClarityAct
#USJoblessClaimsFallTo206000