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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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💬 Discussion: 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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