Bitcoin: $3B Shorts Liquidated in 24 Hours

Latest Update
8/20/2026 10:43:00 AM

Bitcoin: $3B Shorts Liquidated in 24 Hours

Bitcoin forces $3 billion crypto short liquidations wiping out 188000 traders as price holds $71987 with RSI at 89.25.

Analysis

Bitcoin ripped higher and forced the liquidation of over $3 billion in crypto shorts over the past 24 hours, wiping out nearly 188000 traders according to data shared by @CryptoKing4Ever.

Leveraged bears covered positions en masse, adding fresh fuel to the advance that has defined the last six months of price action.

Price currently sits at $71987.44 above the upper Bollinger Band at $71024.67 while the 50-EMA at $65113.13 and 200-EMA at $64251.31 remain the key structural supports; with RSI(14) at 89.25 flashing overbought and MACD confirming a golden cross at 1714.08, a healthy retracement toward the 50-EMA appears probable before continuation.

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Specializes in cryptocurrency investment and market analysis, with a focus on Bitcoin, Ethereum, and Solana ecosystems. Provides trading strategies and altcoin research for crypto enthusiasts.

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