By Isaac • August 21, 2026 11:16 am •
Crypto’s rally has entered the violent phase.
Bitcoin pushed toward $77,000 while Ether and Solana climbed behind it, and traders betting against the move were forced out at a staggering pace. Another roughly $1 billion in short positions disappeared in the latest wave, taking the two-day total above $4 billion.
Trending: Bitcoin Just Reclaimed a Line It Had Not Crossed in Nine Months
That forced buying helped prices accelerate. It also creates the most important question in the market right now: what happens when the squeeze runs out of fuel?
A second liquidation wave hit the bears
CoinDesk reported that another roughly $1 billion in crypto shorts had been wiped out as Bitcoin, Ether, and Solana extended their gains Friday. That followed Thursday’s record-setting liquidation burst, taking the two-day
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