I don't quite agree that this is a positive signal if institutional investors are no longer aggressively shorting Bitcoin. Perhaps this is good for the short term so the market can take a breath.

However, the build-up of short positions is needed in the long term to fuel Bitcoin's growth. Moreover, CME traders have always been inclined to open short positions aggressively as the BTC price rises, pushing it to its maximum cycle peaks.

Written by BaroVirtual