NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: Coinbase Confirms DOJ Investigation Following Major Security Incident
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: Coinbase Confirms DOJ Investigation Following Major Security Incident

Institutional Traders on the CME are Still Bearish on Bitcoin; Here’s Why

Cole Petersen
Cole Petersen
1 year ago
3 mins read

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Bitcoin has been caught within the throes of a firm and unwavering bull trend throughout the past few weeks.

After hovering within the lower-$9,000 region for over a month, the crypto’s breakout rally sent it as high as $12,000 this past weekend, at which point it met some insurmountable resistance.

After declining back towards $11,000 the cryptocurrency has entered a consolidation phase as its buyers attempt to gain greater strength.

Despite its overt strength, institutional traders on the CME still remain net-short on BTC – betting that its price is going to decline significantly in the weeks and months ahead.

This is in striking contrast to retail traders on the platform, who are overwhelmingly long.

One technical factor potentially influencing institutions to remain short on Bitcoin is the existence multiple CME gaps that sit below where it is currently trading at.

These gaps do have a high likelihood of being filled, potentially leading large traders to expect macro downside.

Bitcoin’s Bull Trend Doesn’t Convince Institutional Traders 

Bitcoin has been posting consistently bullish price action throughout the past couple of weeks.

Following a prolonged period of consolidation between $9,000 and $10,000 that started in May, the crypto’s buyers have been building significant strength.

This past Saturday, BTC did face a harsh rejection at $12,000. Despite this being a bearish development, bulls ardently defended the $11,000 level as support, and it has since been able to slowly push higher.

This strength has allowed the benchmark cryptocurrency to close its latest monthly and weekly candle above $10,500 – which has long been a macro resistance level.

The close above this level is decisively bullish.

Despite this, the latest Commitment of Traders (CoT) report from the CME shows that institutions are still net-short on Bitcoin despite the latest rally.

It also shows that retail traders are widely net-long. This volatility has caused open interest on the platform to rise by over 40% — according to data aggregator Unfolded.

“28 – July CME $BTC Commitments of Traders Report (COT). Open Interest: 13,068 (up 41.5%). Retail net positions hits all-time-high. The smart money (institutions) remains flat net short.”

Image Courtesy of Unfolded.

Open CME Gaps at $7,000 and $3,000 Remain Bearish for BTC 

With demand for “hard assets” like Bitcoin reaching an all-time high, it remains unclear as to why the so-called “smart money” is short on BTC.

One technical factor that could be playing into this is the existence of multiple gaps on the CME’s chart. Historically, these gaps are filled by assets the vast majority of the time.

“BTC (CME) – if Bitcoin were to hold in this area for a few more hours the CME would have a gap down from Fridays close… Still gaps in the $9k, $7 and $3Ks…” one analyst noted.

Bitcoin

Image Courtesy of Chonis. Chart via TradingView.

Naturally, there’s no guarantee that these low price gaps will ever be filled by Bitcoin, but it is one possibility that may be stopping institutions from flipping long.

Featured image from Unsplash.
Charts and pricing data from TradingView.
Tweet123Share206ShareSend
Cole Petersen
Cole Petersen

Cole Petersen

Cole is a cryptocurrency analyst based in Los Angeles. He studied at the University of California Irvine and has been interested in Bitcoin and the crypto markets since 2013.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

Bitcoin

Bitcoin Must Hold $106,000 And $98,000 To Avoid Breakdown

Bitcoin is currently holding just above the $108,000 level and bulls are maintaining momentum after a volatile start to July....

Scott Matherson 8 hours ago
Bitcoin

Bitcoin’s True Value Is Higher Than $110,000, Expert Warns

Bitcoin’s climb past $110,000 this week has reignited a fresh round of bullish calls. Prices hit $110,150 on July 3...

Christian Encila 10 hours ago
Bitcoin

Bitcoin Consolidation Continues: 2 Key Support Levels To Watch

Bitcoin (BTC) prices showed a sideways movement in the past day producing no significant changes. Following the recent rejection at...

Semilore Faleti 11 hours ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

Bitcoin

Bitcoin Exchange Outflows Continue To Rise: Investor Confidence At An All-Time High?

Opeyemi Sule 4 hours ago
Bitcoin

Bitcoin Meets Heartbreak In Drake’s Latest Track—Details

Christian Encila 5 hours ago
Bitcoin

Are Bitcoin Retail Traders Back In The Market? On-Chain Data Suggests So

Opeyemi Sule 7 hours ago

Premium Sponsors

Press Releases

  • Make $8,000 a day in stable passive income easily –...

    4 hours ago
  • SunnyMining——A passive income tool that allows ordinary...

    5 hours ago
  • Cryptocurrency is the best way to get rich quickly, easily...

    20 hours ago
  • XRP Cryptocurrency × Dogecoin Mining: HASHJ launches...

    1 day ago
  • Koja kriptovaluta ima veći potencijal za stvaranje milijunaša XRP ili Shiba Inu

    Koja kriptovaluta ima veći potencijal za stvaranje...

    1 day ago

Newsletter

Be the first to get the latest important crypto news & events to your inbox.

  • This field is for validation purposes and should be left unchanged.

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.