The last two weeks were great for Bitcoin and the altcoins. Bitcoin surged by more than 20%, which is massive, and many other altcoins followed Bitcoin in the journey. Now the question arises, what will happen next? Will Bitcoin sustain that high or show some pullback even better, it'll surge more! There are plenty of indicators that suggest market sentiment but looking into the positions of large institutions can give a blurred picture of where the market is going to move or at least what those big players are expecting. We can get the data on the positions taken by those institutions on weekly basis, so let's see how those institutions are taking their steps. 

CME Institutions (March 14-21)

The recently published report includes the changes made over the last week by CME institutions. As you can see in the table below, Asset Manager/ Institutional investors have increased their long position from 5924 to 6899, that's 975 long positions in a single week while decreasing the short positions by 75 positions.

It is interesting to see the rise in the long positions amid of the rally, an astonishing 16% rise in the long position clearly shows what's in the mind of those institutional traders. It is also important to notice that there are still few short positions to hedge against those long positions. This is the only and most important difference between a professional trader and a retail trader, it is very important to hedge your losses no matter how sure you are in the market, cause no one can predict the market, especially the crypto market. 

From the above stats of the positions by CME institutions, we can see that they are expecting Bitcoin to rise more, but it is also true that they are not gods, they can be wrong as well, so trade according to your own research and most importantly according to your portfolio size. 

Hope you guyz find this short article informative! If yes, then do follow me and share your views on the current crypto market in the comment section. 

Thanks for Your Time!