August 19 is going straight into the history books — Glassnode clocked the biggest one-day short squeeze since 2019 and knocked BTC right up to $80,000. The bears lost $1.74B in a single day, then had to cough up another $1.22B over three days of pure conviction. Now the only question that matters: do the bulls have enough powder left to blow through $83K?
▪️ Shorts took 85% of all forced liquidations on exchanges that day — this wasn't a market accident, it was a kick in the teeth.
▪️ Ten days of asymmetric short loading piled up before the breakout. The whales knew exactly where to hit.
▪️ US spot ETFs sucked down $2.2B in the week after the squeeze — the best inflow of the year, in case you thought they don't read the tape.
▪️ Every wallet from hamsters to institutions flipped into accumulation mode together — a record not seen since late 2024.
▪️ ETF and custodian clusters stacked more than 31,500 BTC during the rally.
📊 Shorts in the red (Aug 19):
$1.74B📊 Longs in the red (Aug 19):
$160M📊 Shorts wiped out (Aug 20-22):
$1.22B📊 ETF inflows (week after):
$2.2BAnd now the real test is the $83-86K zone, where 1.05 million BTC of long-term holders are sitting with their cost basis. If they decide to bail when the price touches their breakeven, this rally smashes into a wall. If they hold — the road above is clear. Below, bulls have insurance: STH cost bases at $70K and support at $62-65K.
💬 «This event recorded the largest volume of one-day short liquidations in our data stream since tracking began in 2019.» — Glassnode
🔮 $83K — either a sell wall or a springboard. Long-term holders decide.
@exverse_chat
