$4 Billion in Shorts Liquidated in Two Days
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The Wolf Of All StreetsIndependent analyst profile- Source published
- 23 Aug 2026, 19:24 UTC
- Recorded by Tahlil Plus
- 23 Aug 2026, 21:32 UTC
AI-generated source summary
The market has experienced significant liquidation of bearish bets, with over $3 billion in crypto shorts being liquidated in a single day. This event coincided with Bitcoin reaching highs above $71,000 and subsequently surging towards $80,000. The past week has been the strongest for Bitcoin since early 2023, with a roughly 24% increase. Furthermore, Bitcoin ETFs saw substantial inflows, adding $606 million on Thursday and $500 million on Wednesday, while Ether ETFs added $221 million on Thursday. These significant inflows into ETFs and the massive liquidation of shorts suggest strong buying pressure and provide evidence that the market bottom may be in, supporting a bullish outlook for Bitcoin.
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