PANews reports on April 20th that according to Cryptopotato, the latest analysis of Bitcoin futures at the Chicago Mercantile Exchange (CME) suggests that the market landscape is changing, as a group of traders appears to be reducing their positions, which may indicate they are taking profits after a strong rally. Data shows that the behavior of asset management companies and other participants is diverging, with the net long positions of asset management companies peaking at $6 billion at the end of 2024 and subsequently being significantly reduced to around $2.5 billion. On the other hand, the net long positions in the "other" category (which may include retail investors and small institutions) have sharply increased, currently reaching around $1.5 billion, the highest level in over a year, suggesting that bullish sentiment among non-institutional market participants has been reignited.
