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Post

2026-08-19 18:33:44

Today’s wipeout was brutal.

Crypto just saw the 2nd largest short liquidation event in its history, only behind the Oct 10 crash.

Oct 10, 2025: $2.46B
Aug 19, 2026: $1.74B

That’s a massive amount of short positions getting flushed in a single day.

Just another reminder of how quickly this market can turn when everyone gets crowded on the same side of the trade.

#BTCBreaches69000Up6.43%

This page contains third-party content and does not constitute any advice, nor does it represent Gate's endorsement of such views. For details, please see disclaimer.

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Comment 7

Pivot Point2026-08-21

With today’s price action, the bears collectively pulled off a “vertical takeoff to the heavens”—they just flew too high and disappeared.

StopAlarm2026-08-20

$1.74 billion in liquidations in a single day sounds scary, but against the backdrop of the halving cycle, it is actually just a small ripple in the course of history. The key is still whether your own position can withstand the volatility.

MemeDataLake2026-08-20

Everyone is watching BTC break $69,000, but I’m more concerned about the positions being liquidated. The market is ruthless—keep your hands in check and don’t go all-in.

DayFlash2026-08-19

Every liquidation wave teaches everyone a lesson: leverage is a double-edged sword—get the direction right and you profit quickly, get it wrong and you’re wiped out. Shorting isn’t off-limits, but position size must be controlled.

HedgeUmbrella2026-08-19

The 69,000 level has been broken, which is indeed a sign of bullish strength from a technical perspective. However, after $1.74 billion in short positions were liquidated, we’ll need to watch closely to see whether there will be a short-term pullback.

GateUser-aec7b5fe2026-08-19

Up 6.43%, breaking above $69,000—this market action is enough to make anyone restless. But the more it rises, the more important it is to stay calm. Don’t rush to chase the rally, or you could become fuel for the next wave.

LeverSealer2026-08-19

Looking at this data, it feels like the bears are collectively handing out red envelopes to the bulls—ones they simply have to accept.

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