Record Squeeze Drives Bitcoin Price Rally, But $83K Resistance Looms

A massive short squeeze on Aug. 19, which is the largest single-day short liquidation event recorded by Glassnode since 2019, catalyzed a bitcoin price rally toward $80,000. Record Squeeze Triggers Price Rebound The massive wave of short liquidations on Aug.

19 served as the primary catalyst for bitcoin’s rapid price rebound, according to blockchain analytics […]