Bitcoin gained roughly 23% in one week, with a record $1.37 billion in Bitcoin short positions liquidated on August 19, nearly double the previous daily record, according to K33 Research. Another $739 million in shorts were liquidated on August 21.
More than $4 billion in bearish crypto positions were liquidated during the broader rally, creating heavy forced buying and accelerating Bitcoin's rebound.
The rally followed the US Treasury's decision to increase long term Treasury buybacks from $2 billion to $4 billion per operation, starting September 9. The announcement initially pushed the 30 year Treasury yield from around 5.34% to 5.19%, helping improve sentiment toward risk assets.
US spot Bitcoin ETFs also saw strong demand, attracting about $1.92 billion in weekly inflows, their strongest week of 2026. BlackRock's IBIT was among the major beneficiaries.
BTC.X $Strategy(MSTR)$ $iShares Bitcoin Trust(IBIT)$
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