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BITCOIN JUMPS 23% TO $77.6K IN A WEEK

Moomoo puts the week's short squeeze at a record $2.7B, and flags an expected breakthrough on US crypto regulation as the other half of the story.

Uproar card: BITCOIN JUMPS 23% TO $77.6K IN A WEEK
Published Aug 24, 2026, 2:37 AM CDT.

🔴 Bitcoin ran 23% higher in a week to $77.6K, and $2.7B of short positions went up with it.

Moomoo reports the squeeze was a record. That is the part worth sitting with. A short squeeze is not sentiment, it is forced buying: traders positioned for a fall get closed out at whatever price the market is at, and every one of those closures is a buy order. The price goes up because people who bet it would go down had to buy.

📈 Moomoo's crypto weekly digest also points to an expected breakthrough on US crypto regulation as part of the backdrop to the week.

What the digest does not do is give a mechanism for where the move goes next, and this is a single-outlet roundup rather than a market call.

The number that matters for anyone holding: 23% in a week cuts both directions. Leverage that produced a record squeeze on the way up is the same leverage that produces a record liquidation on the way down.

Were you long through this one, or watching from the sidelines?

#bitcoin #crypto #markets #money #causeanuproar

First reported by

Moomoo

Read the full story at Moomoo

We summarise and credit. The full account lives with the outlet that reported it.

Approved for publication by yousuf_19762.

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