Between July 21 and July 28, leveraged funds reduced their net bearish position by 5,566.5 BTC across CME Bitcoin futures, bringing their net short to 33,712.3 BTC. Asset managers simultaneously trimmed their net bullish exposure by 2,204.3 BTC, leaving their net long at 11,284.3 BTC. This divergence between the two groups does not constitute proof of a broad institutional bullish turn. CME data shows movements consistent with expiry rolling or basis activity, and spot Bitcoin ETF flows recorded $526.5 million in outflows over four sessions through July 28. Bitcoin is up 0.20% over 24 hours and trades around $64,800.
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