Movement Alert|Fidelity Wise Origin Bitcoin Fund Rises 5.72% in Regular Trading, Bitcoin Rally Triggers Massive Short Liquidations

Market Focus
Aug 21

On August 21, Fidelity Wise Origin Bitcoin Fund rose 5.72% in regular trading, trading at $66.665/share, with turnover of $58.76 million.

The fund, which tracks Bitcoin performance, benefited from BTC's strong upward momentum. Data shows over $800 million in liquidations occurred in the past 24 hours, predominantly short positions, with $671 million in shorts liquidated versus $170 million in longs. BTC-specific liquidations reached $461 million. Meanwhile, BTC network-wide contract open interest surged 6.46% to $54.99 billion, reflecting heightened speculative activity.

Supporting the rally, U.S. Bitcoin spot ETFs recorded $517.19 million in net inflows on August 19, the highest single-day figure since May 4. Additionally, Glassnode reported that high-conviction buyers have been steadily accumulating BTC since January, with their supply share exceeding levels seen in the previous cycle.

Fidelity Wise Origin Bitcoin Fund seeks to track the performance of bitcoin as measured by the Fidelity Bitcoin Reference Rate, adjusted for the Trust's expenses and other liabilities. The Trust holds bitcoin and values its shares daily based on the same methodology used to calculate the benchmark index.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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