#BTC升破70000美元日内涨幅8.3% BTC Breaks Above $70k: Has the Big Move Really Arrived? A Rally Fueled by Short Squeezes, Policy, and Liquidity
Has the big move really arrived?
On August 19, Bitcoin finally broke through the key level around $70k; Ethereum also reclaimed the level around $2,300, gaining more than 20% in 24 hours. More importantly, this was not an ordinary slow climb, but a rare short squeeze that unfolded within an extremely short period.
Data showed that on August 19, more than $1 billion worth of Bitcoin short positions were liquidated in the crypto market, while total short liquidati