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BTC Posts Its Best Single-Day Performance Since February 2026 Due to 1.4 Billion Dollars in Short Covering
2026-08-20 16:59:10
According to CoinMeta, as reported by CryptoQuant, BTC experienced its best single-day performance since February on August 20, 2026, mainly driven by a $1.4 billion short covering. Short sellers were forced to repurchase to limit their losses, and these forced repurchases in turn drove up prices, creating a snowball effect.
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