Market-wide synchronized BTC accumulation; could Bitcoin challenge the $86,000 resistance zone?

Original Author: Glassnode

Original Translation: AididiaoJP, Foresight News

Key Takeaways

• A record short squeeze triggered a rebound, with Bitcoin facing a test at the $81,000–$86,000 supply zone
• ETF weekly net inflows reached $2.23 billion, with all market cohorts accumulating simultaneously, providing clear fundamental support
• Market turnover after deleveraging makes the $81,000–$86,000 range the key resistance band above

Introduction

A record-breaking short squeeze ignited a rebound of approximately 26% from the mid-August lows. Unlike previous short-lived squeezes driven purely by leverage, this rally is backed by genuine buying pressure: US spot ETFs recorded their strongest weekly inflows of the year, Bitcoin continues to flow out of exchanges net, and all wallet size cohorts on-chain are showing simultaneous accumulation. The key question now is whether the rally can extend toward the January highs, which hinges on whether the $81,000–$86,000 supply zone can be effectively broken.

The Liquidation Storm: The Largest Short Squeeze on Record Ignites the Rebound

Record-Breaking Single-Day Short Liquidations

In USD terms, August 19, 2026 recorded the largest single-day short liquidation event since data tracking began in 2019. Throughout the entire squeeze window, short liquidations accounted for 85% of total liquidations. It should be noted that our data covers major centralized exchanges but does not include Hyperliquid, meaning the actual liquidation volume is higher than our figures reflect.