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Morning Edition · Friday, August 21, 2026Published at 1:52 AM EDT · New York
Bitcoin Trades Above $75,000 as Two Days of Short Liquidations Reach About $3.8 Billion
CoinDesk reports Thursday's short liquidation figure was the largest in records going back to 2021, and more than $222 million of shorts closed in a single hour overnight.
Bitcoin, ether and solana all rose overnight as another round of forced buying closed out bearish derivatives positions. CoinDesk reports the two-day short liquidation total reached about $3.8 billion, after Thursday's figure set a record i…
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Dollar Liquidity Sets Crypto's Direction
Bank reserve levels and Treasury cash management increasingly determine crypto price direction more than crypto-native flows, tying digital assets to the same funding cycle as leveraged equities.
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