{"id":24620,"date":"2026-08-23T15:12:30","date_gmt":"2026-08-23T15:12:30","guid":{"rendered":"https:\/\/nft.runfyers.com\/index.php\/2026\/08\/23\/3-07b-in-crypto-shorts-wiped-out-as-bitcoin-surges-toward-80k\/"},"modified":"2026-08-23T15:12:30","modified_gmt":"2026-08-23T15:12:30","slug":"3-07b-in-crypto-shorts-wiped-out-as-bitcoin-surges-toward-80k","status":"publish","type":"post","link":"https:\/\/nft.runfyers.com\/index.php\/2026\/08\/23\/3-07b-in-crypto-shorts-wiped-out-as-bitcoin-surges-toward-80k\/","title":{"rendered":"$3.07B in Crypto Shorts Wiped Out as Bitcoin Surges Toward $80K"},"content":{"rendered":"<p><\/p>\n<div>\n<p><span style=\"font-weight: 400;\">Bitcoin unexpectedly approached the <\/span><b>$80,000<\/b><span style=\"font-weight: 400;\"> this week, triggering one of the largest short position liquidations ever recorded in the crypto market. According to CoinGlass, on August 20, approximately <\/span><b>$3.07 billion<\/b><span style=\"font-weight: 400;\"> in crypto short positions were liquidated as Bitcoin\u2019s rally forced leveraged traders to close their positions. The squeeze occurred against the backdrop of strong inflows into spot Bitcoin ETFs and improving market sentiment following new signals from the US bond market.<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"A_Record_307B_Short_Wipeout\"\/><b>A Record $3.07B Short Wipeout<\/b><span class=\"ez-toc-section-end\"\/><\/h2>\n<p><span style=\"font-weight: 400;\">Bitcoin\u2019s sharp surge triggered a record wave of short liquidations across the crypto market. According to data from CoinGlass, crypto short liquidations reached $3.07 billion on August 20, the highest single-day level the platform has ever recorded for short positions.<\/span><\/p>\n<div id=\"attachment_162812\" style=\"width: 1445px\" class=\"wp-caption alignnone\"><noscript><\/noscript><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-162812\" class=\"lazyload size-full wp-image-162812\" src=\"https:\/\/nftevening.com\/wp-content\/uploads\/2026\/08\/HQK2bewbkAELKlx.jpeg\" alt=\"$3.07B short liquidations\" width=\"1435\" height=\"602\"\/><\/p>\n<p id=\"caption-attachment-162812\" class=\"wp-caption-text\">$3.07B short liquidations. Source: CoinGlass<\/p>\n<\/div>\n<p><span style=\"font-weight: 400;\">Short positions are liquidated when prices rise against expectations and losses exceed margin requirements. Automated exchanges closing these orders can generate additional short-term buying pressure, especially when many traders are swept out of the market in a brief period.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Liquidation pressure began rising sharply on August 19, when Bitcoin broke above <\/span><b>$68,000<\/b><span style=\"font-weight: 400;\">. CoinGlass data at the time recorded approximately $1.57 billion in total 24-hour liquidations, with shorts accounting for about $1.41 billion. Moving into August 20, as buying pressure spread to Ethereum and major altcoins, total 24-hour liquidations rose to about $2.71 billion, with shorts accounting for roughly $2.47 billion.<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Bitcoins_Push_Toward_80K\"\/><b>Bitcoin\u2019s Push Toward $80K<\/b><span class=\"ez-toc-section-end\"\/><\/h2>\n<p><span style=\"font-weight: 400;\">Bitcoin had been range-bound between $62,000 and $65,000 since early June before breaking out strongly this week. The rally pushed prices near $80,000, reaching a short-term peak of around $79,461, before cooling off to around $77,000.<\/span><\/p>\n<div id=\"attachment_162811\" style=\"width: 2350px\" class=\"wp-caption alignnone\"><noscript><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-162811\" class=\"size-full wp-image-162811\" src=\"https:\/\/nftevening.com\/wp-content\/uploads\/2026\/08\/Screenshot-2026-08-23-at-06.46.17.jpg\" alt=\"BTC Price Chart (4h)\" width=\"2340\" height=\"1442\"\/><\/noscript><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-162811\" class=\"lazyload size-full wp-image-162811\" src=\"https:\/\/nftevening.com\/wp-content\/uploads\/2026\/08\/Screenshot-2026-08-23-at-06.46.17.jpg\" alt=\"BTC Price Chart (4h)\" width=\"2340\" height=\"1442\"\/><\/p>\n<p id=\"caption-attachment-162811\" class=\"wp-caption-text\">BTC Price Chart (4h). Source: TradingView<\/p>\n<\/div>\n<p><span style=\"font-weight: 400;\">This surge marked the first time Bitcoin returned to its highest price levels in months, while sending positive sentiment across the broader crypto market. Ethereum temporarily crossed $2,300 before cooling down, while Solana, Dogecoin, and BNB also gained alongside the recovery of major assets. Nonetheless, Bitcoin remained the focal point as the primary driver of liquidity and where the price breakout was most pronounced.<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"ETF_Flows_Point_to_Real_Demand\"\/><b>ETF Flows Point to Real Demand<\/b><span class=\"ez-toc-section-end\"\/><\/h2>\n<p><span style=\"font-weight: 400;\">Inflows into spot <\/span><a href=\"https:\/\/nftevening.com\/us-bitcoin-etf-12-day-outflow\/\" data-wpel-link=\"internal\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Bitcoin ETFs<\/span><\/a><span style=\"font-weight: 400;\"> surged alongside Bitcoin\u2019s breakout, indicating that market buying pressure did not stem solely from forced short closures. According to Farside Investors, US spot Bitcoin ETFs recorded a continuous streak of inflows during the week of August 17\u201321, totaling approximately<\/span><b> $1.92 billion<\/b><span style=\"font-weight: 400;\"> in net inflows across five sessions.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Inflows peaked mid-week, with funds pulling in a net $517.2 million on August 19 and $606.3 million on August 20, marking the highest daily figures in Farside\u2019s August dataset. On August 21, the ETF group recorded an additional $307.5 million in inflows, showing that buying pressure persisted even after Bitcoin broke out of its consolidation range.<\/span><\/p>\n<div id=\"attachment_162810\" style=\"width: 1710px\" class=\"wp-caption alignnone\"><noscript><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-162810\" class=\"size-full wp-image-162810\" src=\"https:\/\/nftevening.com\/wp-content\/uploads\/2026\/08\/Screenshot-2026-08-23-at-11.56.37.jpg\" alt=\"Bitcoin ETF Flow.\" width=\"1700\" height=\"1312\"\/><\/noscript><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-162810\" class=\"lazyload size-full wp-image-162810\" src=\"https:\/\/nftevening.com\/wp-content\/uploads\/2026\/08\/Screenshot-2026-08-23-at-11.56.37.jpg\" alt=\"Bitcoin ETF Flow.\" width=\"1700\" height=\"1312\"\/><\/p>\n<p id=\"caption-attachment-162810\" class=\"wp-caption-text\">Bitcoin ETF Flow. Source: Farside Investors<\/p>\n<\/div>\n<p><span style=\"font-weight: 400;\">BlackRock\u2019s IBIT stood out as the leading performer during this streak. On August 20 alone, IBIT absorbed approximately $503 million, accounting for the vast majority of the $606.3 million total net inflow across all spot Bitcoin ETFs. This data indicates that the momentum was not driven solely by derivatives traders being forced out of positions, but was also backed by spot demand through traditional investment vehicles.<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Treasury_Buybacks_Add_Macro_Fuel\"\/><b>Treasury Buybacks Add Macro Fuel<\/b><span class=\"ez-toc-section-end\"\/><\/h2>\n<p><span style=\"font-weight: 400;\">On August 19, the <\/span><a href=\"https:\/\/home.treasury.gov\/news\/press-releases\/sb0607\" data-wpel-link=\"external\" target=\"_blank\" rel=\"nofollow external noopener noreferrer\"><span style=\"font-weight: 400;\">US Department of the Treasury<\/span><\/a><span style=\"font-weight: 400;\"> announced an increase in the scale of buybacks for select <\/span><b>long-term bonds<\/b><span style=\"font-weight: 400;\">, raising buyback operations for the <\/span><b>10-to-30-year<\/b><span style=\"font-weight: 400;\"> maturity bucket to at least <\/span><b>$4 billion<\/b><span style=\"font-weight: 400;\"> per session, up from the previously planned level of around $2 billion. According to the Treasury announcement, this change applies from September 9 to November 4, amid long-term US yields hovering near multi-year highs.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The buyback program is designed to support liquidity in the long-term bond market, but the timing of the announcement turned it into an important macroeconomic signal for risk assets. Long-term yields had previously surged as investors worried about inflation, public debt, and the supply of US government bond issuances.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">For Bitcoin, this news added an extra layer of support beyond the ETF and short squeeze narrative. During periods of heightened bond market volatility, investors tend to focus more on limited-supply assets like gold and Bitcoin, particularly when confidence in USD-denominated assets is tested.<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Can_the_Breakout_Hold\"\/><b>Can the Breakout Hold?<\/b><span class=\"ez-toc-section-end\"\/><\/h2>\n<p><span style=\"font-weight: 400;\">After approaching $80,000, Bitcoin cooled off to around $77,000, leaving the market to monitor whether buying pressure remains strong enough now that the wave of short liquidations has passed its peak. The rally has retained most of its gains relative to the previous consolidation zone, but forced buying from short liquidations rarely persists indefinitely once leveraged positions have been thoroughly flushed out.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The key factor is whether spot inflows can continue to offset profit-taking pressure following the sharp volatility. ETF inflows remained positive on August 21, but the derivatives market also warrants close attention, as funding rates, open interest, and liquidations can reverse rapidly after a major squeeze.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">With $3.07 billion in shorts wiped out in a single day and roughly $1.92 billion in spot Bitcoin ETF inflows over the week of August 17\u201321, Bitcoin logged one of its strongest rallies in months. The $80,000 mark now serves as a key test of whether price momentum can transition from forced buying to more sustainable demand.<\/span><\/p>\n<\/div>\n<p><a href=\"https:\/\/nftevening.com\/3b-crypto-shorts-wiped-out-bitcoin-surges-80k\/?utm_source=rss&#038;utm_medium=rss&#038;utm_campaign=3b-crypto-shorts-wiped-out-bitcoin-surges-80k\" target=\"_blank\" rel=\"noopener\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin unexpectedly approached the $80,000 this week, triggering one of the largest short position liquidations ever recorded in the crypto market. According to CoinGlass, on August 20, approximately $3.07 billion in crypto short positions were liquidated as Bitcoin\u2019s rally forced leveraged traders to close their positions. The squeeze occurred against the backdrop of strong inflows [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":24621,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[9],"tags":[21],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/nftevening.com\/wp-content\/uploads\/2026\/08\/2308.jpg","jetpack_sharing_enabled":true,"jetpack_likes_enabled":true,"_links":{"self":[{"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/posts\/24620"}],"collection":[{"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/comments?post=24620"}],"version-history":[{"count":0,"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/posts\/24620\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/media\/24621"}],"wp:attachment":[{"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/media?parent=24620"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/categories?post=24620"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/tags?post=24620"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}