Bitcoin hits $79k as Jump Crypto sells $89M, signaling potential correction

By Michael FawnBitcoin (BTC) surged past the $79,000 mark on August 22, 2026, extending a robust five-day rally that saw its value climb by over 30%. Yet, this ascent was met with significant institutional profit-taking, most notably from Jump Crypto, which offloaded 1,140 BTC valued at $89 million.This selling pressure, combined with another mysterious whale’s substantial disposals, triggered over $647 million in long liquidations across the market, pushing BTC back down to $77,000 and ra