An Aug. 19 short squeeze triggered bitcoin’s rebound as Glassnode reported the largest single-day short liquidations since 2019.

An Aug. 19 short squeeze triggered bitcoin’s rebound as Glassnode reported the largest single-day short liquidations since 2019.

Glassnode data shows Bitcoin's 26% rally consumed 86% of short liquidation fuel, with dense overhead supply between $82K and $86K capping further