Hupzy (Spot On Chain)|Aug 20, 2026 13:37
BTC broke above $𝟳𝟮𝗞 for the first time since June 1st, fueled by Treasury debt buybacks and a massive short squeeze that liquidated $𝟯.𝟰𝗕 in levered positions across 24 hours.
𝗛𝘂𝗽𝘇𝘆 𝘁𝗮𝗸𝗲: The dual catalysts — Treasury liquidity support and Trump pushing the CLARITY Act — combined with forced short covering to drive a 15% rally since Monday. The key question is whether $72K holds as support on retest; if shorts are fully flushed, follow-through depends on fresh spot buying.
Watch for liquidation clusters above $72K that could fuel continuation toward $75K. BTC is tradeable on Hyperliquid and Aster.
source: CoinDesk
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