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Bitcoin Climbs Higher as $1.2 Billion in Shorts Liquidated | GN Media

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Bitcoin Climbs Higher as $1.2 Billion in Shorts Liquidated

August 21, 2026

The largest cryptocurrency surged 7.9% in a day to around $77,000, triggering a short squeeze that wiped out roughly $1.21 billion in bearish bets amid a wave of favorable news from Washington.

GN Media aggregates headlines — read the full story on Decrypt.

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