On September 21, Grayscale Bitcoin Trust rose 5.28% in regular trading, trading at $66.28/share, with turnover of approximately $40.44 million. The rally closely mirrors Bitcoin's sharp advance past the $85,000 mark, its highest level since January.

The surge was primarily driven by a confluence of favorable catalysts. Bitcoin climbed approximately 5% intraday, breaching $85,000 and triggering massive short-position liquidations totaling $648 million within 24 hours — accounting for 86% of all crypto liquidations. Over 137,000 traders were affected, with the single largest liquidation on Binance reaching $11.29 million.

Key catalysts included improved US-Iran diplomatic prospects easing geopolitical risk, the SEC's new five-year innovation exemption permitting tokenized stock trading on-chain, and a notable return of institutional capital into spot Bitcoin ETFs — with approximately $593 million in net inflows recorded over two sessions last week. Technically, Bitcoin closed above its 50-week moving average for the first time in 45 weeks, a signal some analysts interpret as marking a bear-market bottom.

Grayscale Bitcoin Trust is a private, open-ended trust invested exclusively in Bitcoin, deriving its value solely from Bitcoin's price. It enables investors to gain exposure to Bitcoin's price movement without directly buying or storing the asset.

(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.)