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Bitcoin futures short selling eases, but ETFs and perpetual futures remain tepid

Leveraged funds cut their net short exposure in CME bitcoin futures by 5,566.5 bitcoin in the July 21 to 28 period, a futures-only U.S. CFTC report showed. But asset managers also reduced exposure by 2,204.3 bitcoin, limiting the case for a clear bullish signal. Indicators in spot and derivatives markets were also muted. Perpetual futures buying and funding demand weakened, while spot bitcoin ETFs saw $526.5 million in net outflows over four sessions through July 28.