Bitcoin surged past $82,000 triggering a $568 million liquidation wave across the cryptocurrency market, sparking market gains.

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

Bitcoin reclaims $80K as US-Iran tension cools, triggering $343M in short liquidations. Is BTC staging a true recovery or setting a bull trap?