Record Squeeze Drives Bitcoin Price Rally, But $83K Resistance Looms
Key Takeaways Glassnode says a historic spike in short liquidations on Aug. 19, ignited bitcoin’s rally past $80,000. Bears lost $1.74B on Aug. 19 as U.S. spot Bitcoin ETFs later absorbed over $2.2B in weekly net inflows. Analysts expect 1.05M BTC held between $83,000 and $86,000 to present a major supply test for bitcoin. Record…
