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CryptoPolicy

Crypto Just Triggered $3.5 Billion in Liquidations After Its Biggest Single-Day Gain Since March

Bitcoin traded near $77,500 on Aug. 21, 2026, after rising nearly 8% at one point the previous day, reaching around $78,000 and breaking a months-long consolidation range. The move was Bitcoin's largest single-day gain since March. The…

Yahoo Finance

Publisher

Aug 21, 2026 at 9:54 AM UTC · 2 dk okuma

Crypto Just Triggered $3.5 Billion in Liquidations After Its Biggest Single-Day Gain Since March
Image via Yahoo Finance
Çevriliyor…

Bitcoin traded near $77,500 on Aug. 21, 2026, after rising nearly 8% at one point the previous day, reaching around $78,000 and breaking a months-long consolidation range. The move was Bitcoin's largest single-day gain since March. The Kobeissi Letter data cited in that report showed total crypto liquidations of $3.5 billion, with short positions accounting for more than $3 billion.

The rebound reflected a combination of regulatory expectations, macro liquidity operations and leveraged short covering, according to the report. As prices turned upward, forced buying to cover short positions amplified the upward momentum.

DISCOVER: Best Meme Coins to Buy in 2026

Bitcoin & Crypto Liquidations, Short Squeeze? How Short Covering Amplified the Rally

Over the trailing 24-hour window, total liquidations reached $3.50 billion, with short liquidations exceeding $3 billion.

Bitcoin liquidations accounted for about $1.76 billion of that total, and Ethereum liquidations were about $1.16 billion. Ethereum rose close to 20% on the day and traded above $2,200 at the time of writing.

Crypto-related equities also strengthened. Strategy rose nearly 12%, while Coinbase, Circle, and BitMine each gained close to 10%.

Market Context

Bitcoin

BTC

$77,873

+8.28% (24H)

Market Cap

$1.57T

24H Volume

$58.9B

24H High

$79,511

View Bitcoin Market Page

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