$BITGET
Cooling DownSnapshot Window: 2026-08-23 10:50 UTC · ← Back to Crypto Overview
Social Momentum Summary
Total Engagement - Comments: 10, Retweets: 0, Likes: 11, Impressions: 42
Verbatim Community Citations & Social Evidence 1 source posts analyzed
Over the last 3 days in the crypto market, approximately $4.5 billion worth of short positions have been liquidated, my friends. About $2.5 billion of that came from Bitcoin shorts. A significant portion of Bitcoin's sharp rise stemmed from the short squeeze movement caused by
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AI visual note: The “Cryptocurrency Liquidation History” chart (coinglass) shows short positions in red and long positions in teal over a 90-day period. It highlights the recent surge in short liquidations—nearly $3 billion on Aug. 21—supporting the claim that Bitcoin’s sharp rise was driven largely by a short squeeze.