BULLISH (0.80)CoinTelegraph

CME Traders Reduce Bitcoin Shorts, Signaling Potential Rebound

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Recent data from CME Group futures markets indicates a notable reduction in bearish Bitcoin positions among institutional traders, often referred to as 'smart money.' This shift in positioning, where traders slashed short bets last month, historically precedes significant upward price movements. Similar reductions in short interest preceded the 70% rally in 2025 and the 190% surge in BTC price during 2023, suggesting a pattern where decreased institutional pessimism correlates with bullish momentum.

Analysts are monitoring whether this reduction in shorts will translate into sustained buying pressure, potentially driving Bitcoin toward the $85,000 resistance level. While past performance doesn't guarantee future results, the alignment of current market positioning with historical precedents provides a compelling narrative for a potential rebound. Market participants should watch for confirmation through increased spot market volume and broader adoption signals to validate this technical setup.

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