{"id":8215,"date":"2026-08-19T19:17:05","date_gmt":"2026-08-19T19:17:05","guid":{"rendered":"https:\/\/digkrypton.com\/index.php\/2026\/08\/19\/bitcoin-shortsellers-get-destroyed-with-1-7b-in-positions-liquidated-following-btc-price-jump\/"},"modified":"2026-08-19T19:17:05","modified_gmt":"2026-08-19T19:17:05","slug":"bitcoin-shortsellers-get-destroyed-with-1-7b-in-positions-liquidated-following-btc-price-jump","status":"publish","type":"post","link":"https:\/\/digkrypton.com\/index.php\/2026\/08\/19\/bitcoin-shortsellers-get-destroyed-with-1-7b-in-positions-liquidated-following-btc-price-jump\/","title":{"rendered":"Bitcoin Shortsellers Get Destroyed With $1.7B in Positions Liquidated Following BTC Price Jump\u00a0"},"content":{"rendered":"

Bitcoin Magazine<\/a><\/p>\n

Bitcoin Shortsellers Get Destroyed With $1.7B in Positions Liquidated Following BTC Price Jump\u00a0<\/a><\/p>\n

<\/div>\n

Daily liquidations of Bitcoin positions surged on Wednesday after the price of the leading digital asset<\/a> flirted with $70,000.\u00a0<\/p>\n

Over $1.7 billion in positions held by traders shorting the biggest cryptocurrency have been closed in the past 24 hours, according<\/a> to Coinglass data.\u00a0<\/p>\n

And the vast majority \u2014 $1.5 billion \u2014 of those positions were liquidated in the past four hours.\u00a0<\/p>\n

Bitcoin on Wednesday morning traded briefly as high as $69,000 before dipping again. It was recently priced at $68,253 after jumping more than 5% over a 24-hour period.\u00a0<\/p>\n

The price surge comes after bitcoin had largely been flat over the past 30 days. Analysts have pointed out that the coin\u2019s volatility has been at record lows.\u00a0<\/p>\n

Bitcoin has benefited \u2014 along with other \u201crisk-on\u201d assets \u2014 from news that the U.S. Treasury planned to more than double the size of its government debt repurchases.\u00a0<\/p>\n

The announcement from Treasury Secretary Scott Bessent was aimed at taming yields, which had surged to levels not seen in nearly 20 years.<\/p>\n

Lower long-term yields reduces the opportunity cost of holding non-yielding assets like bitcoin and gold, and generally supports risk-on sentiment.\u00a0<\/p>\n

Bitcoin may have also benefited from investors expecting pro-crypto regulatory news: President Trump on Wednesday will hold a meeting with crypto and prediction market executives.\u00a0<\/p>\n

Despite a vote on the long-awaited crypto Clarity Act getting delayed, regulators are keen to press forward with rules that the industry has long called for.\u00a0<\/p>\n

On Tuesday, the Securities and Exchange Commission announced<\/a> Tuesday a proposed framework for crypto asset offerings, pressing ahead despite the landmark legislation stalling.\u00a0<\/p>\n

This post Bitcoin Shortsellers Get Destroyed With $1.7B in Positions Liquidated Following BTC Price Jump\u00a0<\/a> first appeared on Bitcoin Magazine<\/a> and is written by Mathew Di Salvo<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

Bitcoin Magazine Bitcoin Shortsellers Get Destroyed With $1.7B in Positions Liquidated Following BTC Price Jump\u00a0 Daily liquidations of Bitcoin positions surged on Wednesday after the price of the leading digital asset flirted with $70,000.\u00a0 Over $1.7 billion in positions held by traders shorting the biggest cryptocurrency have been closed in the past 24 hours, according […]<\/p>\n","protected":false},"author":0,"featured_media":8216,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"tdm_status":"","tdm_grid_status":"","footnotes":""},"categories":[1],"tags":[],"class_list":["post-8215","post","type-post","status-publish","format-standard","has-post-thumbnail","category-bitcoin"],"acf":[],"_links":{"self":[{"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/posts\/8215","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/comments?post=8215"}],"version-history":[{"count":0,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/posts\/8215\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/media\/8216"}],"wp:attachment":[{"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/media?parent=8215"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/categories?post=8215"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/tags?post=8215"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}