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Coinbase Stock Outperforms Bitcoin as Traders Watch Hedge Fund Short Positions

Published by
Nidhi Kolhapur

Coinbase stock has outperformed Bitcoin over the past month, rising about 8% in the last 30 days and nearly 9% over the past week, while Bitcoin gained around 3% over the month and remained largely flat week over week. Analysts say Bitcoin’s recovery has been driven mainly by short covering, with fresh inflows beginning to support prices. Investors are also watching record hedge fund short positions in Coinbase and Circle, as a stronger Bitcoin rally could increase pressure on bearish bets.

Nidhi Kolhapur

Nidhi is a Certified Digital Marketing Executive and Passionate crypto Journalist covering the world of alternative currencies. She shares the latest and trending news on Cryptocurrency and Blockchain.

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