EconomyHow short liquidations cleared $500B in crypto positions before institutional buyers took over
Bitcoin climbed from roughly $63,500 toward $80,000 last week, adding about $500 billion to crypto’s market value. Forced short covering drove the early rally, while regulated investment products later brought in fresh capital. CoinShares reported more than $2.9 billion in weekly inflows through Aug. 20, followed by another $1.65 billion in the next week’s first three trading days.
How short liquidations cleared $500B in crypto positions before institutional buyers took over
Economy