How Confident Are Institutional Investors About Bitcoin? COT Report May Offer Clues


The current report, reflecting data for the week ending Nov. 29, came as BTC was trading 1.4% higher than the prior week. Following three successive weeks of reduced BTC exposure on the Chicago Mercantile Exchange, institutional investors reversed course, adding 147 new long positions. They currently account for 33% of all long open interest on the CME, and are 80% long as a collective.



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