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Bitcoin ($BTC) clears $80,000 on forced short covering as the 10-year holds near 4.8%

9/5/2026

A pause in U.S.-Iran hostilities gave Bitcoin ($BTC) its geopolitical opening on September 3, but the flow made the move.

The price rose 5.5% to $81,491, its first close above $80,000 in September, with $164 million of short positions liquidated in four hours against just $7.3 million of longs.

The jobs report on September 4 is the next read on whether the level holds. What the short squeeze looked like The scale of the covering was the story.

Total crypto liquidations on the day reached $510 million, with $415 million coming from the crowded short side.