Hedge funds dramatically reduce Bitcoin shorts by 82% – is it a signal for a rally or further caution?

Hedge funds have cut their short positions on Bitcoin CME Futures from 444 million USD to 78 million USD. This 82% reduction could signal bullish trends, potentially reflecting a market bottom.

Recent ETF outflows of 1.33 billion USD suggest weakened institutional interest in Bitcoin, even as geopolitical tensions ease. Analysts believe that recovery in BTC could occur if ETF demand resumes.