On August 21, Grayscale Bitcoin Trust rose 6.67% in regular trading, trading at $60.09/share, with turnover of $128 million.

The rally was driven by a sharp surge in Bitcoin prices that triggered massive short-position liquidations across major centralized exchanges. Data shows that within one hour, total liquidations across the network exceeded $1.137 billion, of which $1.067 billion were short liquidations and BTC-specific liquidations reached $630 million. ETH liquidations totaled $407 million.

Supporting the bullish momentum, BTC network-wide contract open interest rose 5.1% over 24 hours to $52.05 billion. A prominent whale publicly disclosed a 5x leveraged long position of 3,425 BTC with unrealized profits exceeding $13.04 million (28% ROI). Meanwhile, a short-positioned whale suffered three consecutive forced liquidations totaling $930,000 in losses, with remaining short positions facing a liquidation price of $65,442.

Grayscale Bitcoin Trust is a private, open-ended trust invested exclusively in bitcoin, deriving its value solely from bitcoin price movements, enabling investors to gain exposure without directly buying or storing bitcoins.

(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.)