Crypto | Technology. Crypto Surge Triggers Record $2.7 Billion of Short Liquidations. By David Pan. August 19, 2026 at 5:51 PM GMT+2. Updated on August 20, 2026 at 7:08 AM GMT+2. Save. Translate. Takeaways by Bloomberg AI. The crypto market suddenly sprang back to life, sending Bitcoin up nearly 8% and unleashing the biggest wave of short liquidati