CFTC: Institutions Modestly Net Long on Bitcoin Futures

CFTC data as of Aug 4 reveals Total Reportables modestly net long on BTC futures, confirming the directional signal though the margin remains thin, while Leveraged Funds have halved their standard futures net short over the past year as the basis trade lost edge to Treasury yields.

Price at $64040.83 sits inside the Bollinger Bands with the lower support at $64018.9 and upper resistance at $65634.87; the bearish EMA50 at $64496.4 caps upside while EMA200 at $63772.15 offers nearby structural support, and the MACD death cross at -73.2 alongside neutral RSI at 37.88 points to continued consolidation before any directional breakout in Bitcoin futures positioning.