$2.74B in Crypto Shorts Squeezed Out of Market in Record Liquidation

A record $2.74 billion in short positions was liquidated over 24 hours as of August 20, 2026, according to CoinGlass data.

This intense forced unwind of bearish leveraged positions came after a previous day's rally on August 19, when $1.44 billion in short liquidations was reported.

The two figures are not directly comparable, as they cover different time periods.

Bitcoin and Ethereum prices rose during the same period, with Bitcoin up 5.54% to $68,424.00 and Ethereum up 8.8% to $2,087.87 on August 19, according to KuCoin.