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Institutions Covered Majority of Their Bitcoin Shorts

After creating a new bottom at $11,150, Bitcoin is now pushing higher and reaching out to the $11,650+ level. Institutions have started reacting to the price movement by closing their shorts on the Bitcoin futures market at CME. A good indication for pills Bitcoin is trading above a crucial support level as the weekly candles closed. This shows a good sign for the bulls who can now start looking at bigger profits. Unfolder, a crypto data tracker reported last week that institutional investors have opened their biggest ever short positions for Bitcoin on CME futures. These larger traders have 3,119…

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