How Assured Are Institutional Buyers About Bitcoin? COT Report Could Supply Clues

The present report, reflecting information for the week ending Nov. 29, got here as BTC was buying and selling 1.4% greater than the prior week. Following three successive weeks of lowered BTC publicity on the Chicago Mercantile Change, institutional buyers reversed course, including 147 new lengthy positions. They presently account for 33% of all lengthy open curiosity on the CME, and are 80% lengthy as a collective.

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