On August 21, Fidelity Wise Origin Bitcoin Fund rose 5.36% overnight, trading at $66.66/share, with turnover of $1.8471 million.

The rally was driven by a sharp surge in Bitcoin prices that triggered a massive short squeeze across crypto exchanges. Data shows over $11.37 billion in liquidations occurred within a single hour during the rally, with short positions accounting for $10.67 billion. Over a 24-hour period, total liquidations reached $8.41 billion, predominantly in short contracts. Bitcoin reclaimed $70,250 as a key support level after rallying approximately 12%, while U.S. spot Bitcoin ETFs recorded $517.19 million in net inflows on August 19 — the highest single-day figure since early May.

Additionally, network-wide BTC futures open interest surged 15.03% in 24 hours to $549.77 billion, reflecting heightened speculative activity. On-chain data from Glassnode indicates high-conviction buyers have been steadily accumulating BTC since January, with their share of total supply exceeding levels seen in the prior 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 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.)