PANews February 23 News, according to the latest report from the CFTC, the net short position of CME non-commercial Bitcoin futures traders decreased from about +1,000 contracts last month to approximately -1,600 contracts, indicating that “smart money,” including hedge funds and similar financial institutions, is rapidly turning bullish. This change is similar to the market conditions before Bitcoin prices increased by 190% in 2023 and 70% in 2025.
Currently, Bitcoin is holding above the 200-week EMA (around $68,500), which has served as an important support level in most bear markets over the past decade. Analysts expect that if Bitcoin successfully rebounds, it could reach the 100-week EMA (around $85,000) before April.
However, analyst Tom McClellan warns that the shift of “smart money” reflects market conditions rather than a clear signal, and Bitcoin prices could still further decline to the $40,000 to $50,000 range.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Scaramucci: Bitcoin’s four-year cycle intact; Q4 rally forecast
Bitcoin’s bear market has been framed by a familiar prism: the traditional four-year cycle. Yet proponents argue that institutional demand, particularly via BTC-focused exchange-traded funds, has muted volatility and may shape the path of prices through the next cycle. In a recent discussion,
CryptoBreaking1h ago
Samourai Wallet Domain Hijacked: Scam Site Targets Bitcoin Users
A seized bitcoin privacy wallet domain has resurfaced in 2026 under criminal control, reviving a defunct project as a phishing trap targeting unsuspecting users.
U.S. Seized Crypto Domain Falls Into Scammers’ Hands, Users Warned
The domain tied to Samourai Wallet, once a well-known
Coinpedia1h ago
Why Aksel Kibar Believes Bitcoin Price Is Trap and This 'Rising Wedge' Signals Deeper Drop - U.Today
Analyst Aksel Kibar warns Bitcoin investors that the current price recovery is a technical trap within a downtrend. He identifies a "rising wedge" pattern and predicts potential declines to $60,000 or lower, advising caution against misinterpreting short-term fluctuations.
UToday4h ago
DeepSnitch AI Price Prediction: DOGEBALL and Bitcoin Hyper Investors Rally Behind DeepSnitch AI For Huge Gains As Launch Announcement and 200% Surge Fuels 1000x Projections
Recent regulatory tension in the U.S. gaming and prediction markets space has attracted investors. Legal expert Daniel Wallach indicated that a Nevada court may soon issue a restraining order against Kalshi, potentially restricting sports-related contracts.
Meanwhile, emerging projects like D
CaptainAltcoin4h ago
