Cryptocurrency News & Market Updates

On August 19, Bitcoin ripped through $67,000 and set off the largest single-day short squeeze in Bitcoin’s history — over $1.1 billion in short positions liquidated in a day. It was the first time that figure had ever cleared a billion for BTC alone, comfortably beating the old records of $757 million (May 2021) and $694 million (November 2025). The surge broke Bitcoin out of the $62,000-$66,000 range that had worn out both buyers and sellers for ten weeks.