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Bitcoin rally wipes out $2.7B in short positions in 24 hours (BTC-USD:Cryptocurrency)

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Aug 20, 2026, 2:21 AM ETBitcoin USD (BTC-USD) Crypto, GBTC, IBIT, BLOK, FBTC, ARKB, BITQ, BKCH, DAPP, BITB, HODL, BTCO, CRPT, EZBC, BTCW, BRRR, IBLC, ETH-USD Crypto, XRP-USD Crypto, SOL-USD CryptoBy: Preeti Singh, SA News Editor
Olsztyn, Poland 13 July 2021. Golden bitcoin coin over defocused stock chart

Nastco

Short sellers lost nearly $2.7B in 24 hours as Bitcoin (BTC-USD) surged toward $70,000, marking the largest wave of forced short liquidations in records dating back to 2021.

Total crypto liquidations reached nearly $3B across 170,332 traders, according to CoinGlass



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