Bitcoin: $790M Shorts Liquidated in 24 Hours

Latest Update
8/21/2026 10:47:00 AM

Bitcoin: $790M Shorts Liquidated in 24 Hours

Bitcoin shorts suffer $790M wipeout as crypto liquidations reach $1.24B, with BTC at $76854.27 showing bullish EMA structure yet overbought RSI on 4h chart.

Analysis

Bitcoin accounted for nearly $790M of the $1.24B total liquidations after another $1.06B in shorts got wiped out in the last 24 hours, extending one of the largest short squeezes seen in years according to @CryptoKing4Ever.

Price sits at $76854.27 inside the Bollinger band with upper resistance at $77659.02 while the 50-EMA at $67098.55 and 200-EMA at $64874.22 act as layered support beneath a MACD golden cross of 3010.84; the RSI at 94.07 signals exhaustion so a measured pullback toward the 50-EMA remains the highest-probability path before any continuation higher in this BTC price action setup.

Bitcoincrypto marketshort squeezeBTC priceshorts liquidations

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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Source: blockchain.news