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📉 Bitcoin's surge triggered a record wave of short-selling liquidations
In the past 24 hours, nearly $3 billion worth of positions were forcibly closed on the crypto market. Shorts accounted for approximately $2.7 billion, while Bitcoin alone saw liquidations reach $1.42 billion.
💰 The market received additional support from an influx into US spot Bitcoin ETFs: on August 19, the funds attracted $517 million, the highest amount since early May.
Against this backdrop, Bitcoin approached $70,000. Ethereum gained 17.7% in 24 hours, and Solana gained more than 11%.
#btc #usdt #usdc #xrp #ltc $GT $ETH $SOL
ETH has shown even stronger momentum, with the recent move around +18%.
Now the $2,300 area becomes very important. If it turns into support and ETH breaks $2,400, the next levels I’m watching are:
🎯 $2,500
🎯 $2,700–$2,800
🎯 $3,000 as the bigger bullish milestone
Bitcoin surpassed the $70,000 mark on August 20, with the asset's 24-hour gain exceeding 9%. According to crypto YouTuber Crypto Rover, this could be called the largest short squeeze in market history—traders betting on a decline were forced to close their positions amid a sharp price rise.