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Bitcoin jumps 26% in 5 days on $3.1B short squeeze, sparking retail FOMO and $126K price talk.

Market News
23 Aug 2026, 00:42 WIB
Forbes
View Source
Bullish
Bitcoin jumps 26% in 5 days on $3.1B short squeeze, sparking retail FOMO and $126K price talk.

Bitcoin surged 26% to nearly $79,500 in just five days due to a massive $3.1 billion short squeeze, triggering strong retail investor FOMO. Experts note that retail traders now have more market influence, especially through zero DTE options, with some forecasts suggesting Bitcoin could reach $126,000 by year-end. However, some traders warn the rally may be overextended and expect a pullback as the short squeeze effect fades, advising caution against buying driven by fear of missing out.

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