Bitcoin's Sharpest Rally in Two Years Ran Almost Entirely on Short Liquidations
60-second summary
Bitcoin posts its sharpest five‑day rally in two years, surging 24.6 % in August as short liquidations drive the move, with 89 % of liquidated dollars coming from short positions, according to Glassnode and Bybit data; despite the price jump, overall active leverage declines, suggesting traders are trimming exposure, which could temper further upside and signal a more balanced market…
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.