Short liquidations in Bitcoin exceeded $3.1 billion over two days, according to CoinGlass data recorded on August 19 and 20. BTC approached $72,000 following a U.S. Treasury liquidity intervention, touching local highs of $71,992 on Bitstamp. Short-term holders sent 43,300 BTC to exchanges in their largest profit-taking event of the year, according to CryptoQuant.