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Bitcoin jumps 26% after largest short squeeze since 2019, driven by strong spot ETF demand.

Market News
10 Oct 2026
Tokenpost
View Source
Bullish
Bitcoin jumps 26% after largest short squeeze since 2019, driven by strong spot ETF demand.

Bitcoin surged 26% from its mid-August low following the largest single-day short liquidation event since 2019, with 85% of liquidated positions being shorts. During this period, U.S. spot Bitcoin ETFs saw $2.23 billion in creations, indicating strong spot-market demand that supported the price rise despite a decline in leveraged futures positions. Futures open interest fell 11% in Bitcoin terms, showing the rally was not fueled by increased leverage. The market now watches if spot demand and futures leverage will grow together or if the rally will continue with subdued leverage.

Bitcoin's recent rebound is noted alongside Pluang's market data as of Oct 10, 2026 19:51 WIB. Among 50 major cryptocurrencies on Pluang, 36 rose and 13 fell today. Notable gainers include BAL (Balancer) at Rp16.297 with an 11.14% increase, EOS (EOS.IO) at Rp12.649 up 8.13%, and AXS (Axie Infinity) at Rp22.412 with a 7.54% rise and a strong buy order activity of 89%.

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