Bitcoin and Ethereum have surged towards all-time highs, approaching their record levels as over $700 million in leveraged positions – mostly short positions – were liquidated within just three days. This market shakeup saw traders liquidate significant holdings of Bitcoin (BTC) and Ethereum (ETH), while institutional investors like Capital B continue to increase their bitcoin holdings. 3rd week of August has seen a strong comeback for bulls after an initial shaky start, driving the price of both cryptocurrencies closer to their all-time highs. The rapid rally triggered forced liquidations of leveraged positions on crypto derivatives exchanges, wiping out hundreds of millions in value. $700 Million In Liquidations Triggered by Short Selling