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

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

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.

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

Source：CoinDesk

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Source：https://www.coindesk.com/markets/2026/08/20/bitcoin-breaks-out-of-six-week-range-tops-usd71-000-as-usd3-billion-in-shorts-get-wiped-out