Bearish Crypto Bets Lose Record $2.7 Billion as Bitcoin Surges Toward $70,000

Bearish crypto bets lose record $2.7 billion as bitcoin surges toward $70,000

Crypto Short Liquidations Hit Record $2.7B As Early-Morning Rally Shakes Derivatives Market

BitcoinWorld Crypto Short Liquidations Hit Record $2.7B as Early-Morning Rally Shakes Derivatives Market Daily short liquidations triggered by today’s early-morning rally reached a record high, with $2.738 billion wiped out from 9:00 a.m. on Aug. 19 through the current reading on Aug. 20, according to Coinglass data. That surpassed the previous daily record of $2.467 billion set on Oct. 10 last year. Market-Wide Impact and Context Including lon…

‘Bitcoin Up, AI Down’: Jeff Park Reacts as Market Rally Wipes Out $1.22B in Shorts

This Wednesday, Bitcoin’s price surged, triggering a massive cascade of liquidations exceeding $1.2 billion in short positions. Following this abrupt upward move, investment strategist and advisor Jeff Park reacted by highlighting the “Bitcoin up, AI down” dynamic, underscoring how capital rotation has once again strongly favored digital assets over the traditional tech sector. AI down Bitcoin up (again) — Jeff Park (@dgt10011) August 19, 2026 …

Bitcoin Tops $68,000 as Short Liquidations Hit $1.7 Billion

Bitcoin traded above $68,000 and ether gained 9% on Wednesday, forcing $1.91 billion of leveraged positions to close, according to Coinglass. Shorts made up $1.74 billion of that total, roughly eight times the volume of liquidations recorded over the previous 24 hours. The trigger came from the... Read the full story at The Defiant

'Bitcoin Up, AI Down': Solana Advisor Jeff Park Reacts as Market Rally Liquidates $1.22 Billion in Shorts

Bitcoin hits $68,310 as a capital flight from AI tech sparks a historic $1.22 billion one-hour short squeeze.