Hedge funds and institutions are currently at one of the most extreme netlong positions in Bitcoin in the entire data set. So while individuals are scared right now, it's institutions that are seeing potentially the long game. The red line has plunged deeply negative, meaning the net short position is at historic lows or flipped.These traders are maximally long Bitcoin futures. The past few times that this has happened, the markets have provided a substantial rally [music] afterwards. A substantial rally li ...

RT Michaël van de Poppe (@CryptoMichNL)A fascinating chart.Non-commercial traders, primarilly hedge funds and institutions, are currently at one of their most extreme net long positions in #Bitcoin in the entire dataset.The red line has plunged deeply negative, meaning the "net short position" is at historic lows, or flipped: these traders are maximally long Bitcoin futures.The past few times this has been happening, the markets have provided a substantial rally afterwards.The same positioning can be seen d ...

A fascinating chart.Non-commercial traders, primarilly hedge funds and institutions, are currently at one of their most extreme net long positions in #Bitcoin in the entire dataset.The red line has plunged deeply negative, meaning the "net short position" is at historic lows, or flipped: these traders are maximally long Bitcoin futures.The past few times this has been happening, the markets have provided a substantial rally afterwards.The same positioning can be seen during:- Q3 2023, right before the big r ...

LATEST: 📊 Ethereum futures trading has overtaken Bitcoin on the CME for the first time ever, fueling speculation that ETH may be heading toward a super cycle driven by rising adoption and increased volatility. https://t.co/p0xsxriHOt ...

cme bitcoin futures just flipped binance open interest at $13.2b vs $12.8b. jane street moved $2.4b from binance to cme in 6 months. millennium shifted 80% of derivatives to regulated venues. but binance funding still averaging 15-20% vs cme basis at 8-12%. that 500+ bps spread is free money if you can stomach the counterparty risk on size. the gap won't last once more funds figure out the cross-margining with coinbase custody makes capital efficiency match perpetuals. ...

Core Insights - Bitcoin's recent price surge to an all-time high of $125,708 may not reflect strong market fundamentals, as active network addresses have decreased, indicating a negative divergence between price and on-chain activity [1][2][3] - The decline in active wallet addresses suggests that the rally is driven more by speculative trading rather than broad market participation, raising concerns about the sustainability of the price increase [2][3][6] Market Activity - The daily count of active wallet addresses, based on a 14-day moving average, is nearing its lowest level since April 2020, which is a concerning sign for the market [2][3] - A sustainable price increase typically requires a rise in network activity, which is currently lacking, indicating potential instability in the current bull run [3][6] Futures Market - Bitcoin's futures open interest has reached a year-to-date high of $92.14 billion, reflecting a 10% increase since October 1, which may signal an overheated market [4][5] - High leverage in futures trading can lead to significant corrections if market sentiment shifts, as minor liquidations could trigger steep price declines [5] Price Stability Concerns - The current trend of declining network activity alongside rising prices is viewed as a warning sign, suggesting that the price may lack strong fundamental support [6]

What the $1.25 Billion Bitcoin Futures Flush Means for Markets► https://t.co/42nND53pES https://t.co/42nND53pES ...

Market Trends - Bitcoin futures open interest saw a jump following Trump's pro-crypto orders, then unwound [1]

Market Trends - ETH futures volume surpassed BTC futures volume, with $62.1 billion versus $61.7 billion respectively [1] - Corporations added 159,000 BTC to their treasuries in Q2 [1]

Market Trends - Institutional demand for Bitcoin futures may be decreasing, indicated by a reduced premium on CME Group's Bitcoin futures [1]