The significant accumulation of BTC shorts on Binance, exceeding 215 million USD, indicates a pronounced bearish sentiment. However, institutional purchases could help stabilize prices.
With institutions buying 944,330 BTC year-to-date, this surpasses previous totals amidst a drop in new supply, highlighting their confidence in BTC’s future performance.
The rise in ETF-related exposure by 63,083 BTC signals positive sentiment. Despite the shorts, the market’s future could be shaped by institutional buying if demand holds steady.
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