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Bitcoin's Sharpest Rally in Two Years Ran Almost Entirely on Short Liquidations

Compiled by KoinLens from 1 source

Importance 47Bullish* Trust 80 · 1 source4.5Market Impact: 4.5/10 · Moderate
The higher the score out of 10, the bigger the expected impact on the market. Heuristic estimate — not financial advice.
Bitcoin's Sharpest Rally in Two Years Ran Almost Entirely on Short Liquidations

A Glassnode and Bybit report found Bitcoin climbed 24.6% in five August days even as active leverage fell, with short positions supplying 89% of every liquidated dollar.

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