Over $1 Billion in Bitcoin Shorts Liquidated Amid Crypto Rally
The U.S. Treasury announced on August 19 that it will increase its longer-term government bond buybacks from $2 billion to at least $4 billion per operation starting September 9, which boosted risk-on sentiment and led to a rally across major cryptocurrencies. Bitcoin surged over 5% in the last 24 hours, reaching $67,983.35, while Ethereum rose nearly 9%, and Solana climbed more than 5%. The price gains triggered significant short liquidations: according to CoinGlass data, around $1.75 billion worth of crypto positions were wiped out in the last four hours, with Bitcoin leading at over $1 billion in short liquidation. The Crypto Fear & Greed Index shifted from
Topics: bond buybacks cryptocurrency prices short liquidations U.S. Treasury