Institutions Increased Bitcoin Longs By 88% Just Before Price Rally55.2

Data from the US Commodity and Futures Trading Commission reveals that institutional investors flipped bullish on Bitcoin as of April 2nd. The date coincides with the latest bitcoin price rally when it soared from around $4,100 to more than $5,300 in minutes.

Data from the US CFTC reveals that the number of opened long Bitcoin futures contracts by asset managers and institutional investors on the Chicago Mercantile Exchange (CME) increased between March 26th on April 2nd.

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