# @bitcoin.conference on Instagram

- **Type:** Image
- **Original URL:** https://www.instagram.com/p/DcRMmbCjonr
- **Gondola URL:** https://gondola.cc/posts/69374409-bitcoinconference-instagram
- **Thumbnail:** https://img.gondola.cc/tr:w-,h-,fo-auto/postThumbnails/3ffb351173.jpg
- **Posted:** 2026-08-20T16:30:01.000+00:00
- **Account Owner:** The Bitcoin Conference (@bitcoin.conference) — https://gondola.cc/bitcoin.conference

## Caption

$3.1B IN CRYPTO SHORTS JUST GOT LIQUIDATED AS #BITCOIN BROKE HIGHER 🟠

CoinGlass data showed total liquidations across August 19–20 reached roughly $3.1 billion, with Thursday marking the largest single-day wipeout of shorts recorded by the platform.

Bitcoin led the move as it surged back above $72,000 for the first time in over 70 days.

That matters because this was not just a normal rally.

It was a massive short squeeze.

Traders betting against Bitcoin and crypto were forced to close positions as prices moved higher, creating more buy pressure and accelerating the move.

In other words 👉 The market was crowded short, and Bitcoin punished that positioning fast.

This came as multiple catalysts hit at once:

✅ Trump pushed Congress to pass the CLARITY Act
✅ Treasury liquidity support lowered pressure in bond markets
✅ Bitcoin broke through key resistance
✅ Crypto stocks and ETFs moved higher

This is why leverage is dangerous in Bitcoin.

When the signal turns, it turns fast.

And this week, the signal turned violently higher.

THE SHORTS GOT WIPED. BITCOIN KEPT MOVING. 🚀

----

📲 Send this to a friend who needs to see the latest news on bitcoin 🧡

Click on our profile for more posts like this 🫡

#bitcoinadoption #bitcoinnews

## Stats

- **Views:** 0
- **Likes:** 1,453
- **Shares:** 0
- **Comments:** 72

## Tags

bitcoinadoption, bitcoinnews, bitcoin

---
Copyright (c) Gondola