Key Data Points at Institutional Traders Offloading Bitcoin on CME
Key Data Points at Institutional Traders Offloading Bitcoin on CME
Data on Bitcoin futures from the Chicago Mercantile Exchange (CME), on the Commitments of Traders (CoT), shows a sharp decline in aggregate holdings by institutional traders for June.
Bitcoin price with open interest on CME. Source: TradingView.com
In early February this year, which was the previous instance of this happening, a downturn in the Bitcoin price followed. This culminated with the…
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