Movement Alert|Fidelity Wise Origin Bitcoin Fund Rises 6.16% in Regular Trading, Bitcoin Surges to $69,000 Triggering Massive Short Liquidations

Market Focus
Aug 20

On August 19, Fidelity Wise Origin Bitcoin Fund rose 6.16% in regular trading, trading at $59.76/share, with turnover of $415 million.

On the news front, Bitcoin surged sharply to $69,000, triggering approximately $13.45 billion in total crypto market liquidations over 24 hours involving over 105,000 traders. Of that total, roughly $11.91 billion consisted of short positions being forcibly closed, while long liquidations amounted to only $1.53 billion. Within just one hour, $11.94 billion was liquidated with shorts accounting for 93.51% of the total. BTC contract short liquidations alone reached approximately $6.62 billion over 24 hours, while ETH shorts saw $3.66 billion liquidated, reflecting the violent unwinding of high-leverage bearish bets during the rapid price ascent.

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 directly and values its shares daily based on the same methodology used to calculate its 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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