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Bitcoin breaks out of six-week range, tops $71,000 as $3 billion in shorts get wiped out

CoinDesk · Aug 20, 2026

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$BTC
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Risk contextUnknownOperational, security or regulatory context
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Six weeks of compression ended in the largest short liquidation since at least 2021, with $3 billion of bearish bets forced to buy back into thin supply.

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