đ„đ„Corporate Whales Are Warming Up to Bitcoin: Large Shorts Melted by 75 Percent in 5 Months! đ„đ„
CryptoQuant CEO Ki Young Ju stated that institutional investors are increasingly warming up to Bitcoin (BTC).
Sharing a post on Twitter on September 16, Ki Young Ju made a remarkable prediction about the cryptocurrency market. The CEO stated that institutional investors are no longer aggressively short-selling Bitcoin, and that this situation creates a positive atmosphere in the markets.
Institutions have reduced their short-selling positions on Bitcoin. The net positions of CME futures have decreased by 75% in the last 5 months. This shows that institutional investors have significantly reduced their short positions on Bitcoin. Ki Young Ju emphasized that this development has increased confidence in Bitcoin and institutional investors have started to have a more positive attitude in the long term.
Bitcoin, which has increased by 2% in the last 24 hours, is trading at $61,235 at the time of writing.
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