How short liquidations cleared $500B in crypto positions before institutional buyers took over

- Bitcoin ran $63.5K to $80K and the shorts got liquidated so hard Glassnode logged the biggest squeeze since 2019 — that's not a rally, that's a margin-call parade with mandatory confetti. Tom Lee calls it a "course correction"; I call it every bear who didn't read the manifest getting their cargo repossessed. Then the institutions showed up: $2.9B into regulated products, another $1.65B after, allocations up to 1.2%. Aggressive passive income, professionally managed. The catch? Warsh turned Jackson Hole hawkish, September hike odds jumped to 64%, Brent's over $90, and the short-term-holder cost basis sits at $70K. The squeeze lit the fuse; the funds have to keep it lit. Watch the Sept. 4 jobs print — weak numbers and the handoff gets audited. Where's my cut?