Bitcoin surged 22.9% since August 17th, climbing from $62,900 to $77,306, fueled by massive short liquidations totaling $4 billion on August 19th and 21st. On Binance, short liquidations reached $7.739 billion, surpassing long liquidations of $7.582 billion for the first time since October 2025. Analysts are divided on whether this violent move signals a bullish trend transition or if bearish conditions remain intact. The critical level to watch is $82,800, a breakout above which would flip the technical structure to bullish territory.
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