
Bearish Crypto Bets Destroyed as Bitcoin Surges Toward $70,000
Bitcoin briefly surged past $70,000 on August 19, 2026, touching its highest level since early June and triggering the largest wave of forced short closures since 2021. Approximately $2.7 billion in bearish crypto bets were wiped out within 24 hours, affecting over 172,000 traders, with shorts accounting for roughly 92%...








