According to Cryptopotato, the latest analysis of Chicago Mercantile Exchange (CME) Bitcoin futures suggests a shift in market dynamics, as a group of traders appears to be reducing their positions, potentially indicating profit-taking after a strong rally. The data shows a divergence in behavior between asset management companies and other participants. Asset managers' net long positions peaked at $6 billion at the end of 2024 but have since been significantly reduced to around $2.5 billion. On the other hand, the "others" category, which may include retail investors and smaller institutions, has seen a sharp increase in net long positions, currently reaching approximately $1.5 billion, the highest level in over a year, indicating renewed bullish sentiment among non-institutional market participants.
Analysis: CME Bitcoin Futures Open Interest Shows Net Long Positions of Retail Traders are Increasing
PANews2025/04/20 13:33
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