Coinbase Stock Outperforms Bitcoin as Traders Watch Hedge Fund Short Positions

Published by

Nidhi Kolhapur

July 22, 2026

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.

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