---
title: "Bitcoin rally wipes out $2.7B in short positions in 24 hours"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/296444624.md"
description: "Bitcoin surged toward $70,000, triggering a massive short squeeze that wiped out nearly $2.7 billion in short positions within 24 hours. This event marks the largest wave of forced short liquidations since records began in 2021. Total crypto liquidations reached approximately $3 billion across over 170,000 traders, with shorts accounting for 92% of the losses. Bitcoin rose nearly 8%, while other major cryptocurrencies like Ethereum, Solana, and Ripple also posted significant gains."
datetime: "2026-08-20T06:31:43.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/296444624.md)
  - [en](https://longbridge.com/en/news/296444624.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/296444624.md)
generator: "portal-rs"
---

# Bitcoin rally wipes out $2.7B in short positions in 24 hours


### Related Stocks

- [ETHE.US](https://longbridge.com/en/quote/ETHE.US.md)
- [GBTC.US](https://longbridge.com/en/quote/GBTC.US.md)
- [ETHW.US](https://longbridge.com/en/quote/ETHW.US.md)
- [FBTC.US](https://longbridge.com/en/quote/FBTC.US.md)
- [ARKB.US](https://longbridge.com/en/quote/ARKB.US.md)
- [XRPR.US](https://longbridge.com/en/quote/XRPR.US.md)
- [GSOL.US](https://longbridge.com/en/quote/GSOL.US.md)
- [BSOL.US](https://longbridge.com/en/quote/BSOL.US.md)
- [GXRP.US](https://longbridge.com/en/quote/GXRP.US.md)
- [FSOL.US](https://longbridge.com/en/quote/FSOL.US.md)
- [BITB.US](https://longbridge.com/en/quote/BITB.US.md)
- [CETH.US](https://longbridge.com/en/quote/CETH.US.md)
- [TSOL.US](https://longbridge.com/en/quote/TSOL.US.md)
- [IBIT.US](https://longbridge.com/en/quote/IBIT.US.md)
- [ETHA.US](https://longbridge.com/en/quote/ETHA.US.md)
- [XRPZ.US](https://longbridge.com/en/quote/XRPZ.US.md)
- [XRP.US](https://longbridge.com/en/quote/XRP.US.md)
- [FETH.US](https://longbridge.com/en/quote/FETH.US.md)
- [BITO.US](https://longbridge.com/en/quote/BITO.US.md)
- [BRRR.US](https://longbridge.com/en/quote/BRRR.US.md)
- [BTCO.US](https://longbridge.com/en/quote/BTCO.US.md)
- [BTCW.US](https://longbridge.com/en/quote/BTCW.US.md)
- [HODL.US](https://longbridge.com/en/quote/HODL.US.md)
- [EZBC.US](https://longbridge.com/en/quote/EZBC.US.md)
- [SOLZ.US](https://longbridge.com/en/quote/SOLZ.US.md)
- [03008.HK](https://longbridge.com/en/quote/03008.HK.md)
- [03042.HK](https://longbridge.com/en/quote/03042.HK.md)
- [03430.HK](https://longbridge.com/en/quote/03430.HK.md)
- [BTCE.DE](https://longbridge.com/en/quote/BTCE.DE.md)

## Related News & Research

- [Binance Founder CZ Says His X Follower Count Has Been a 'Consistent Early Indicator’ of Crypto Cycles](https://longbridge.com/en/news/297631208.md)
- [14:52 ETAPX Lending Launches Five-Year Bitcoin and Ethereum-Backed Line of Credit, Closing the Gap Between Digital Assets & Traditional Finance](https://longbridge.com/en/news/297948665.md)
- [ProCap Financial sells 50 Bitcoin to repurchase shares at 40% discount](https://longbridge.com/en/news/297963677.md)
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- [Standard Chartered launches institutional spot crypto trading in UAE](https://longbridge.com/en/news/297888609.md)

---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**