{"id":49746,"date":"2026-08-19T19:11:09","date_gmt":"2026-08-19T19:11:09","guid":{"rendered":"https:\/\/cryptomag.finance\/?p=49746"},"modified":"2026-08-19T19:11:09","modified_gmt":"2026-08-19T19:11:09","slug":"bitcoin-shortsellers-get-destroyed-with-1-7b-in-positions-liquidated-following-btc-price-jump","status":"publish","type":"post","link":"https:\/\/cryptomag.finance\/?p=49746","title":{"rendered":"Bitcoin Shortsellers Get Destroyed With $1.7B in Positions Liquidated Following BTC Price Jump\u00a0"},"content":{"rendered":"

Bitcoin Magazine<\/a>
\n
\nBitcoin Shortsellers Get Destroyed With $1.7B in Positions Liquidated Following BTC Price Jump\u00a0<\/a><\/p>\n

<\/div>\n

Daily liquidations of Bitcoin positions surged on Wednesday after the price of the leading digital asset<\/a> flirted with $70,000.\u00a0<\/p>\n

Over $1.7 billion in positions held by traders shorting the biggest cryptocurrency have been closed in the past 24 hours, according<\/a> to Coinglass data.\u00a0<\/p>\n

And the vast majority \u2014 $1.5 billion \u2014 of those positions were liquidated in the past four hours.\u00a0<\/p>\n

Bitcoin on Wednesday morning traded briefly as high as $69,000 before dipping again. It was recently priced at $68,253 after jumping more than 5% over a 24-hour period.\u00a0<\/p>\n

The price surge comes after bitcoin had largely been flat over the past 30 days. Analysts have pointed out that the coin\u2019s volatility has been at record lows.\u00a0<\/p>\n

Bitcoin has benefited \u2014 along with other \u201crisk-on\u201d assets \u2014 from news that the U.S. Treasury planned to more than double the size of its government debt repurchases.\u00a0<\/p>\n

The announcement from Treasury Secretary Scott Bessent was aimed at taming yields, which had surged to levels not seen in nearly 20 years.<\/p>\n

Lower long-term yields reduces the opportunity cost of holding non-yielding assets like bitcoin and gold, and generally supports risk-on sentiment.\u00a0<\/p>\n

Bitcoin may have also benefited from investors expecting pro-crypto regulatory news: President Trump on Wednesday will hold a meeting with crypto and prediction market executives.\u00a0<\/p>\n

Despite a vote on the long-awaited crypto Clarity Act getting delayed, regulators are keen to press forward with rules that the industry has long called for.\u00a0<\/p>\n

On Tuesday, the Securities and Exchange Commission announced<\/a> Tuesday a proposed framework for crypto asset offerings, pressing ahead despite the landmark legislation stalling.\u00a0<\/p>\n

This post Bitcoin Shortsellers Get Destroyed With $1.7B in Positions Liquidated Following BTC Price Jump\u00a0<\/a> first appeared on Bitcoin Magazine<\/a> and is written by Mathew Di Salvo<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

Bitcoin Magazine Bitcoin Shortsellers Get Destroyed With $1.7B in Positions Liquidated Following BTC Price Jump\u00a0 Daily liquidations of Bitcoin positions surged on Wednesday after the price of the leading digital asset flirted with $70,000.\u00a0 Over $1.7 billion in positions held by traders shorting the biggest cryptocurrency have been closed in the past 24 hours, according […]<\/p>\n","protected":false},"author":1,"featured_media":49747,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"footnotes":""},"categories":[45],"tags":[],"class_list":["post-49746","post","type-post","status-publish","format-standard","has-post-thumbnail","category-bitcoin"],"yoast_head":"\nBitcoin Shortsellers Get Destroyed With $1.7B in Positions Liquidated Following BTC Price Jump\u00a0 - Cryptomag<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptomag.finance\/?p=49746\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitcoin Shortsellers Get Destroyed With $1.7B in Positions Liquidated Following BTC Price Jump\u00a0 - Cryptomag\" \/>\n<meta property=\"og:description\" content=\"Bitcoin Magazine Bitcoin Shortsellers Get Destroyed With $1.7B in Positions Liquidated Following BTC Price Jump\u00a0 Daily liquidations of Bitcoin positions surged on Wednesday after the price of the leading digital asset flirted with $70,000.\u00a0 Over $1.7 billion in positions held by traders shorting the biggest cryptocurrency have been closed in the past 24 hours, according […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cryptomag.finance\/?p=49746\" \/>\n<meta property=\"og:site_name\" content=\"Cryptomag\" \/>\n<meta property=\"article:published_time\" content=\"2026-08-19T19:11:09+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/bitcoinmagazine.com\/wp-content\/uploads\/2026\/08\/Bitcoin-Shortsellers-Get-Destroyed-With-1.7B-in-Positions-Liquidated-Following-BTC-Price-Jump.jpg\" \/>\n<meta name=\"author\" content=\"Crypto Magazine\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cryptomagz\" \/>\n<meta name=\"twitter:site\" content=\"@cryptomagz\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Crypto Magazine\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/cryptomag.finance\\\/?p=49746#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/cryptomag.finance\\\/?p=49746\"},\"author\":{\"name\":\"Crypto Magazine\",\"@id\":\"https:\\\/\\\/cryptomag.finance\\\/#\\\/schema\\\/person\\\/f749cd846c4f13ef717c12a20ce9d040\"},\"headline\":\"Bitcoin Shortsellers Get Destroyed With $1.7B in Positions Liquidated Following BTC Price Jump\u00a0\",\"datePublished\":\"2026-08-19T19:11:09+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/cryptomag.finance\\\/?p=49746\"},\"wordCount\":306,\"image\":{\"@id\":\"https:\\\/\\\/cryptomag.finance\\\/?p=49746#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/cryptomag.finance\\\/wp-content\\\/uploads\\\/Bitcoin-Shortsellers-Get-Destroyed-With-1.7B-in-Positions-Liquidated-Following-BTC-Price-Jump-mcQbpM.jpg\",\"articleSection\":[\"Bitcoin\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/cryptomag.finance\\\/?p=49746\",\"url\":\"https:\\\/\\\/cryptomag.finance\\\/?p=49746\",\"name\":\"Bitcoin Shortsellers Get Destroyed With $1.7B in Positions Liquidated Following BTC Price Jump\u00a0 - 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