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Bitcoin: Selling positions propelled the rise

Cointribune·September 20, 2026·1 min read
Bitcoin: Selling positions propelled the rise

Bitcoin's August rebound of 24.6% in five days came without new bullish bets, as open interest fell 12.6%. A Glassnode and Bybit report attributes the rise to short-position liquidations, with about 64,000 BTC of open interest disappearing. Sellers fueled the move while options markets showed persistent bearish pressure.

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