Bitcoin Soars Past $79K on Record Short Liquidation Rally

The largest single-day short liquidation in Glassnode's data history triggered a significant rally in Bitcoin, pushing its price to nearly $79K.

This event consumed 86% of the modelled liquidation fuel in its corridor, leaving a dense shelf of short liquidation levels at $82K, $86K overhead and a band of long liquidation fuel at $60.5K, $62.4K below.

The rally was funded by ETF inflows, with U.S. spot Bitcoin ETFs recording $2.23 billion in net inflows over the squeeze window without a single outflow day, the strongest seven-day intake of the year.

According to Glassnode, this was not a traditional short squeeze, but rather 'a stop-cluster flush,' as the perpetual funding rate barely left its neutral baseline through the entire move and still printed occasional negative hours afterward.