$BTC touched a three-month high near $81,000 on Aug 25 — its first time above $80K since mid-May — before pulling back to trade around $78,500 as of this morning. It’s now up roughly 22-25% over the past 7 days, a sharp reversal that’s largely been driven by a short squeeze: about $566M in liquidations hit the market in 24 hours, with $331M of that coming from shorts getting forced out as price broke resistance.
#BTCSurpassesDollar80K