Bitcoin, ether and solana climb as another $1 billion shorts get wiped out

Source: CoinDesk

“Bitcoin rose above $77,000 in European morning hours on Friday as it advanced for a fifth straight day. The largest cryptocurrency is up about 8% in 24 hours and 22% over the week. Short sellers took another beating, as roughly $1.2 billion of short positions were liquidated over 24 hours out of $1.4 billion in total, across 156,211 traders, CoinGlass data show. … Bitcoin’s market value now stands at $1.5 trillion, still some 40% below the record above $126,000 set last October.” (08/21/26)

https://www.coindesk.com/markets/2026/08/21/bitcoin-ether-and-solana-climb-as-another-usd1-billion-shorts-get-wiped-out