Bitcoin CoT report: Long asset manager positions grow to the highest levels in weeks

Asset manager longs are at 210 vs 149 short with the net change 70 long positions added vs just 11 short.
The leveraged funds are still short 2,031 vs 1,186 long, the net change stands at -25 longs vs -17 shorts.

Rajan Dhall, MSTA FX Daily

In an interesting twist asset manager sentiment has turned positive. Now it seems that asset managers are net-long by 11 contracts. The big change came from the changes since last week where 70 longs were added by asset managers vs only 11 short positions. On the leveraged funds, the Shorts are clearly in the lead as in both open interest and total change the short side is winning.

Today Bitcoin futures fell 1.61% as the market still struggles. The level on the downside that is currently providing support is 7,701.00 and now we have the bullish asset manager sentiment maybe we can avoid and break down. On the topside 8,850.00 is the consolidation high and if the bulls have any chance of changing the trend it needs to be broken.

Author

Rajan Dhall, MSTA

FX Daily

Rajan Dhall is an experienced market analyst, who has been trading professionally since 2007 managing various funds producing exceptional returns.

Japanese Yen gains after hawkish Fed hold

USD/JPY trades near the 163.60 area on Wednesday, recovering from its immediate post-announcement decline as investors assess a generally hawkish Federal Reserve (Fed) monetary policy decision. The Federal Open Market Committee (FOMC) left the Fed funds rate unchanged within the 3.50%–3.75% range, as widely expected.

XRP edges up as Flare simplifies staking process

Ripple (XRP) holds modest gains, trading around $1.08 at the time of writing on Wednesday. The remittance token mirrors the general neutral-to-bullish outlook in the crypto market, as focus shifts to the Federal Reserve (Fed) rate decision. Market participants widely expect the Fed to leave interest rates unchanged in the 3.50%-3.75% range.

Crypto Today: Bitcoin, Ethereum, XRP post modest gains ahead of Fed rate decision

Cryptocurrency prices are broadly stable on Wednesday ahead of the Federal Reserve (Fed) interest rate decision. Bitcoin (BTC) holds above $64,000 but is struggling to sustain its rebound while Ethereum (ETH) sits above the short-term $1,900 support. Meanwhile, Ripple (XRP) is approaching the pivotal $1.10 resistance, a level that could shape the token’s upward trajectory if it is breached.

Bitcoin muted as markets fret over Fed, crypto bill

There are two main drivers for crypto this week, keeping Bitcoin trapped within its $58,000-$65,000 summer consolidation range. The cautious tone is being set by the Fed's policy decision scheduled later on Wednesday, a key catalyst for risk assets.

Bitcoin: BTC holds firm, but the $100 Oil threat could change the game

Bitcoin (BTC) is modestly recovering, trading at $65,400 on Friday and holding firmly above the key support zone. US-listed spot Bitcoin Exchange Traded Funds (ETFs) supported BTC’s modest recovery as they continued to attract institutional inflows through Thursday, pointing to the third consecutive week of inflows.