Bitcoin jumped 8% and leveraged shorts got caught

Bitcoin jumped 8% and leveraged shorts got caught

Author: Token Metrics August 20, 2026 Duration: 5:38
Bitcoin jumped 7.9% to $69,249 and Ether 19.3% as Treasury buybacks pushed money back into risk assets. Leveraged shorts got caught. Stablecoin supply is flat, so treat it as a bounce, not a turn.

Today's key developments:
• Nethermind quit LayerZero's verifier network and joined Chainlink.
• Jim Chanos says there's still $80B of arbitrage in shorting MSTR.
• Base App launched Hyperliquid-powered perps with up to 50x leverage.


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Author: Language: English Episodes: 50

Token Metrics Daily Pulse
Podcast Episodes
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