Bitcoin price may rebound to $85K as CME 'smart money' slashes shorts

Bitcoin's price could potentially rebound to $85,000 as the Chicago Mercantile Exchange (CME) reports a significant reduction in short positions by institutional investors, often referred to as "smart money." This shift indicates a growing bullish sentiment among these investors, suggesting they anticipate a price increase. Analysts believe that the decrease in short positions may lead to upward pressure on Bitcoin's price. The current market dynamics, combined with this institutional behavior, could set the stage for a substantial rally in the near future.

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