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Home / More News / Bitcoin’s $70K Rip Vaporizes $1.9B as Shorts Get Steamrolled

Bitcoin’s $70K Rip Vaporizes $1.9B as Shorts Get Steamrolled

2026-08-19  Crypto Today
Bitcoin’s $70K Rip Vaporizes $1.9B as Shorts Get Steamrolled
BTC daily chartBitcoin’s sudden price surge on Wednesday caused over $1.9 billion in total market liquidations within 24 hours, heavily liquidating $1.74 billion in short positions. Bitcoin Rally and Consolidation After falling just short of hitting $70,000 on reports that the U.S. Treasury is doubling bond buybacks to $4 billion, bitcoin appeared to consolidate above $68,200. Despite […]

Source: Bitcoin.com News


2026-08-19  Crypto Today