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Bitcoin Price Analysis: Why Institutional Investors Are Backing the Bull Run

  • Bitcoin has experienced a 7.1% growth in the last seven days.
  • Institutional investors are no longer aggressively shorting Bitcoin, as seen in the drop of net short positions on Bitcoin futures at the CME by 75% over the last five months.
  • This change in institutional sentiment towards Bitcoin indicates a positive trend for the market.
  • The strong backing of institutional investors suggests significant growth ahead for Bitcoin.

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