This wave of Bitcoin rallying to nearly 77,000, to put it plainly in one sentence: the shorts collectively turned in their assignments.
Back then, how many people confidently said, “It’s going to fall, it’s going to fall”—then they maxed out leverage and opened short positions. But once the price started rising, the exchanges forced them to close, straight up pressing their heads to buy at the end.
You buy, and I buy—buying pushes it higher, and the higher it goes, the more liquidations blow up. Classic chain reaction.
On August 19, the liquidated short positions accounted for over 90%, nearly $3 billion. This isn’t just market action—it’s a major shorts’ public embarrassment event.
So don’t ask who’s buying—just ask who’s getting replaced. In short: the shorts are buying on everyone’s behalf.
Back then, how many people confidently said, “It’s going to fall, it’s going to fall”—then they maxed out leverage and opened short positions. But once the price started rising, the exchanges forced them to close, straight up pressing their heads to buy at the end.
You buy, and I buy—buying pushes it higher, and the higher it goes, the more liquidations blow up. Classic chain reaction.
On August 19, the liquidated short positions accounted for over 90%, nearly $3 billion. This isn’t just market action—it’s a major shorts’ public embarrassment event.
So don’t ask who’s buying—just ask who’s getting replaced. In short: the shorts are buying on everyone’s behalf.