What changed
6% in five August days even as active leverage fell, with short positions supplying 89% of every liquidated dollar Bitcoin's Sharpest Rally in Two Years Ran Almost Entirely on Short Liquidations A Glassnode and Bybit report found Bitcoin climbed 24
Why it matters
Exchange operations around BTC can change volatility, liquidity, or sentiment. The concrete detail to watch is 6% in five August days even as active leverage fell, with short positions supplying 89% of every liquidated dollar
Trading lens
Use this as constructive context from decrypt.co. Watch whether bitcoin's Sharpest Rally in Two Years Ran Almost Entirely on Short Liquidations confirms momentum, invalidates active bias, or changes timing.