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Bitcoin rebounds after a flash crash, with strong ETF inflows and $5B shorts squeezed in August.

Market News
23 Aug 2026
AMBCrypto
View Source
Bullish
Bitcoin rebounds after a flash crash, with strong ETF inflows and $5B shorts squeezed in August.

Bitcoin experienced a sharp flash crash, dropping over 6% after rising more than 25% this week and nearly touching $80,000. Despite this, BTC remains up over 21% for the week, indicating a healthy correction rather than a major crash. Strong inflows into Bitcoin ETFs, totaling $507 million on August 19, highlight continued investor demand, led by the IBIT ETF. Additionally, over $5 billion in short positions have been liquidated this month, suggesting a significant short squeeze that could fuel a new bullish phase for Bitcoin. The combination of technical resilience, ETF inflows, and deleveraging points to a potential strong recovery and growth ahead.

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