Bitcoin's Sharpest Rally in Two Years Ran Almost Entirely on Short Liquidations

Written and edited by the WorldPing NewsdeskPublished Updated Original reporting: Decrypt
Bitcoin's Sharpest Rally in Two Years Ran Almost Entirely on Short LiquidationsWorldPing
Image via Decrypt.

What happened

A Glassnode and Bybit report found Bitcoin climbed 24.6% in five August days even as active leverage fell, with short positions supplying 89% of every liquidated dollar.

Key facts

  • A Glassnode and Bybit report found Bitcoin climbed 24.6% in five August days even as active leverage fell, with short positions supplying 89% of every liquidated dollar.
  • Reported by Decrypt and published Sat, 19 Sep 2026 16:01:03 UTC.

Why it matters

Digital-asset markets react to catalysts within minutes, and liquidity, ETF flows and regulatory signals are usually what decide whether a move sticks.

What to watch next

  • Whether spot volume and open interest confirm the move
  • Liquidation clusters around the current price
  • ETF flow data and any regulatory follow-up

Coverage timeline

When each newsroom published on this story, oldest first — all times UTC.

  1. ZEC’s 100% rally above $1500 sends Grayscale’s Zcash ETF within $85 million of $1 billion

  2. Bitcoin's Sharpest Rally in Two Years Ran Almost Entirely on Short Liquidations

Sources

The original report was published by Decrypt. WorldPing does not claim that reporting — this page summarises and contextualises it.

Read the full report at Decrypt

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