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Crypto / General

Bitcoin breaks out of six-week range, tops $71,000 as $3 billion in shorts get wiped out

Source: coinDesk August 20, 2026 · 03:46
Bitcoin breaks out of six-week range, tops $71,000 as $3 billion in shorts get wiped out
Photo by Alesia Kozik · Pexels
From the publisher
Six weeks of compression ended in the largest short liquidation since at least 2021, with $3 billion of bearish bets forced to buy back into thin supply.
About the source

CoinDesk

CoinDesk is an American news site specializing in bitcoin and digital currencies. Founded by Shakil Khan, the firm also provides guides to bitcoin for those new to digital currencies.

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Wikidata Q18348227
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