CFTC: Bitcoin net long position rises to 2,756 contracts
- —Large speculators' net long stands at 2,756 contracts, up 288 on the week
- —CME Bitcoin futures open interest climbed to 22,315 contracts
- —Commercial hedgers cut their net short by 452 contracts to 3,109
- —The net long equals roughly 13,780 BTC of bullish exposure
Why it matters: The COT report shows institutions adding to bullish Bitcoin bets while hedgers keep a sizable short, capping upside potential.
Source: Crypto Briefing