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2026-08-26 12:14:07 UTC

Blockchain Report on Nostr: Bitcoin surge 23% as leveraged positions reset after record short squeeze. K33 ...

Bitcoin surge 23% as leveraged positions reset after record short squeeze. K33 Research notes similarities to past bull market breakouts. Trading volumes spiked 188%. Over $2 billion in Bitcoin shorts liquidated Aug 19-21. Perpetual futures open interest at lowest since May, funding rates normalized. Options skew turns negative for first time since Sep 2025. BTC reclaims key long-term MAs (50, 100, 200-day & 200-week) in 4 days. Correlation with gold highest since Oct 2020 (0.52), with Nasdaq lowest in a year (0.38).

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