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CoinGape 2021-07-27 07:27:47

GBTC Premium Rebounds Sharply With Bitcoin (BTC) Price Rise, Whale Buying Continues

On Monday, July 26, the Bitcoin (BTC) price registered a strong recovery on its way to $40,000. This price rebound happened through a short squeeze with over $600 million in short positions getting liquidated in an hour’s time. As a result, the Grayscale Bitcoin Trust (GBTC) premium registered a sharp rebound. Moving closer to the The post GBTC Premium Rebounds Sharply With Bitcoin (BTC) Price Rise, Whale Buying Continues appeared first on Coingape.

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