{"id":108861,"date":"2021-01-19T21:07:47","date_gmt":"2021-01-19T21:07:47","guid":{"rendered":"https:\/\/precoinnews.com\/?p=108861"},"modified":"2021-01-19T21:07:47","modified_gmt":"2021-01-19T21:07:47","slug":"latest-cme-report-reveals-growing-appetite-for-bitcoin-amongst-institutions","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/crypto\/latest-cme-report-reveals-growing-appetite-for-bitcoin-amongst-institutions\/","title":{"rendered":"Latest CME Report Reveals Growing Appetite for Bitcoin Amongst Institutions"},"content":{"rendered":"<ul>\n<li>Bitcoin has been consolidating within the $30,000 region throughout the past few days and weeks<\/li>\n<li>Bulls and bears have largely reached an impasse, with buyers and sellers both being unable to spark any trend<\/li>\n<li>This comes as large institutional inflows show some signs of tapering, with these buyers largely being viewed as the ones responsible for the recent market-wide surge<\/li>\n<li>The latest Commitment of Traders (CoT) report from the CME reveals a striking trend &ndash; institutions are increasingly adding to their long exposure<\/li>\n<li>This seems to invalidate the notion that institutions are slowing their accumulation habits and may point to an imminent wave two of buying from these parties<\/li>\n<\/ul>\n<p>Bitcoin has seen mixed price action as of late, with the selling pressure in the upper-$30,000 region slowing its ascent as bulls and bears largely reach an impasse.<\/p>\n<p>Where the crypto market trends in the mid-term may depend largely, if not entirely, on whether or not Bitcoin can continue stabilizing or break above $40,000.<\/p>\n<p>Any strong rejection here could cause the crypto to see some notable losses that potentially lead altcoins to follow suit and selloff as well.<\/p>\n<p>One positive trend that seems to bode well for Bitcoin&rsquo;s outlook is growing long-exposure from institutions using the CME.<\/p>\n<p>This trend suggests that institutions are still pouring money into the market.<\/p>\n<h2><strong>Bitcoin Stagnates as Consolidation Phase Persists<\/strong><\/h2>\n<p>At the time of writing, Bitcoin is trading up just under 2% at its current price of $36,700. This marks a notable decline from daily highs of nearly $38,000 set just a couple of hours ago.<\/p>\n<p>The entire market retraced with BTC, but ETH and other altcoins are all trading up significantly from where they were just a few days ago.<\/p>\n<h2><strong>Institutional Traders Are Increasingly Long on BTC<\/strong><\/h2>\n<p>One positive trend for Bitcoin is the growing presence of institutions in the market, which is a large part of why it has been rallying so heavily throughout the past few months.<\/p>\n<p>Although they may be bidding less aggressively on BTC as it hovers around its all-time highs, data from the CME&rsquo;s latest Commitment of Trader&rsquo;s report indicates that long interest for BTC amongst institutions is steadily climbing.<\/p>\n<blockquote>\n<p>&ldquo;12 &ndash; January CME $BTC Commitments of Traders (COT) report &ndash; Open Interest: 12,039 up 6.5%&rdquo;<\/p>\n<\/blockquote>\n<p><img decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2021\/01\/EsFgGrBXIAEmJxb-860x679.png\"><\/p>\n<p>Image Courtesy of Unfolded. Source: TradingView.<\/p>\n<p>The coming few days should shine some light on whether or not the constant rejection seen by Bitcoin in the upper-$30,000 region will have any impacts on its mid-term trend.<\/p>\n<p>Source: <a href=\"https:\/\/www.newsbtc.com\/analysis\/btc\/latest-cme-report-reveals-growing-appetite-for-bitcoin-amongst-institutions\/\" target=\"_blank\" rel=\"noopener\">Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin has been consolidating within the $30,000<\/p>\n","protected":false},"author":3,"featured_media":108860,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Latest CME Report Reveals Growing Appetite for Bitcoin Amongst Institutions - Pre Coin News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/precoinnews.com\/crypto\/latest-cme-report-reveals-growing-appetite-for-bitcoin-amongst-institutions\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Latest CME Report Reveals Growing Appetite for Bitcoin Amongst Institutions - 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