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Bitcoin and Ether Decline in East Asia as Asset Managers Increase Open Long Positions: Market Report

Bitcoin and Ethereum prices have dropped in East Asia, signaling the end of the post-debt ceiling rally in the crypto market. The latest Commitment of Traders report shows a rebound in open long positions among asset managers.

The lack of a clear narrative for cryptocurrency has led to unpredictable price swings and confusion among investors.

However, some experts believe that the upcoming US presidential election could be a defining factor for Bitcoin's success in the country. Additionally, the report reveals that asset managers have increased their open long positions in Bitcoin, halting a previous reduction in exposure.

Bitcoin Bitcoin $93,033.61
-3.65%
Bitcoin Ethereum
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