[Wall Street liquidity radar] Bitcoin shorts outnumber longs 1.7 to 1 as institutional trading rises

U.S. crypto indicators point to caution about downside risk, with short positions outweighing longs and Bitcoin trading at a discount on Coinbase. Higher institutional trading volume has yet to establish a clear recovery in buying conviction. Institutional activity has increased sharply, but U.S. spot pricing remains below offshore levels. The combination leaves open whether heavier trading reflects stronger demand. CME leveraged funds held 5,887 long Bitcoin futures contracts and 9,866 short contracts as of October 27, according to CFTC disclosures. Shorts outnumbered longs by 1.7 to 1.