{"id":31824,"date":"2026-08-24T20:01:45","date_gmt":"2026-08-24T19:01:45","guid":{"rendered":"https:\/\/investx.fr\/en\/2026\/08\/24\/bitcoin-80000-shorts-liquidated-220-million\/"},"modified":"2026-08-24T20:01:50","modified_gmt":"2026-08-24T19:01:50","slug":"bitcoin-80000-shorts-liquidated-220-million","status":"publish","type":"post","link":"https:\/\/investx.fr\/en\/crypto-news\/bitcoin-80000-shorts-liquidated-220-million\/","title":{"rendered":"Bitcoin Explodes Past $80,000 as $220M in Short Positions Get Liquidated in 24 Hours"},"content":{"rendered":"\n

Bitcoin<\/strong> has just broken through the symbolic $80,000<\/strong> level \u2014 a threshold it had not touched since May. In less than 24 hours, the market inflicted over $220 million in liquidations<\/strong> on bearish traders.<\/p>\n\n\n\n

This powerful comeback raises a central question: is this a genuine bullish reversal<\/strong>, or simply a technical squeeze ahead of another correction? On-chain data<\/strong> and key resistance levels offer some answers.<\/p>\n\n\n\n

Here is what the numbers truly reveal about this price move.<\/p>\n\n\n\n

$80,000: Reclaimed, But Not Yet Confirmed<\/h2>\n\n\n\n

Bitcoin<\/a>‘s return above $80,000<\/strong> marks a strong technical signal. This level had acted as a major support<\/strong> in the spring before giving way under selling pressure. Reclaiming it on the daily candle is a necessary condition \u2014 but not a sufficient one \u2014 to invalidate the bearish thesis that has dominated for several weeks.<\/p>\n\n\n\n

Market analysts are stressing one key point: the weekly close above this threshold<\/strong> will be decisive. A simple bullish wick followed by a rejection would quickly pull the price back into the $74,000 \u2013 $77,000<\/strong> range, where several liquidity blocks have been identified in CoinGlass<\/strong> data. Price action over the next 48 hours will therefore be closely watched by both institutional and retail traders.<\/p>\n\n\n\n

On the on-chain side, the Short-Term Holder SOPR<\/a><\/strong> (Spent Output Profit Ratio) has moved back above 1, signaling that recent holders are beginning to sell at a profit \u2014 a behavior typical of recovery phases, but one that can also generate short-term resistance if profit-taking<\/strong> accelerates.<\/p>\n\n\n\n

$220 Million in Shorts Destroyed: The Squeeze That Started It All<\/h2>\n\n\n\n

What was the immediate catalyst for this rally? A massive short squeeze<\/strong>. In less than 24 hours, over $220 million in short positions<\/strong> were liquidated across the broader crypto market, according to CoinGlass<\/strong> data. Bitcoin<\/strong> accounts for the largest share of those liquidations, followed by Ethereum<\/strong> and several heavily leveraged altcoins.<\/p>\n\n\n\n

This type of move is characteristic of a market where open interest<\/a><\/strong> had built up significantly on the short side. When the price breaks through a key level \u2014 in this case $79,000 and then $80,000 \u2014 short stop-losses<\/strong> trigger in a cascade, mechanically amplifying the move to the upside. This does not necessarily reflect sustained organic demand, but rather the dynamics of forced liquidation.<\/p>\n\n\n\n

The funding rate<\/strong> on major platforms (Binance<\/strong>, Bybit<\/strong>, OKX<\/strong>) has flipped back into positive territory, indicating that long positions are now paying shorts to keep their positions open. A persistently elevated funding rate can signal short-term overheating<\/strong> and often precedes a consolidation phase or a technical pullback.<\/p>\n\n\n\n

What Scenarios to Watch From Here<\/h2>\n\n\n\n

For this bounce to evolve into a genuine structural recovery, Bitcoin<\/strong> must absolutely consolidate above $80,000<\/strong> over several consecutive days. The next significant resistance level sits around $84,000 \u2013 $85,000<\/strong>, a zone where substantial historical transaction volumes are concentrated according to TradingView<\/strong> data.<\/p>\n\n\n\n

In the event of a rejection, the priority support level to watch sits between $76,000 and $77,500<\/strong> \u2014 a zone that has already absorbed several correction attempts in recent weeks. A move back below this level would reopen the debate around a test of $70,000<\/strong>, or even the yearly lows.<\/p>\n\n\n\n

Market sentiment<\/strong> remains fragile despite the surface-level euphoria. The Fear & Greed Index<\/a><\/strong> has surged into “Greed” territory, but spot buying volumes have not yet confirmed any large-scale institutional accumulation<\/strong>. Caution remains warranted: a squeeze does not make a bull market<\/a><\/strong>.<\/p>\n\n\n\n

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