Bitcoin Long Positions Rise Despite Weak US Economy Signals

Bitcoin traders are showing growing confidence even as weak US economic data and inflation concerns continue to pressure financial markets.

Bitcoin briefly moved near $78,000 on friday but failed to maintain momentum after weak guidance from retail giant Walmart and rising concerns that the US Federal Reserve could keep monetary policy tighter for longer. Despite these macroeconomic concerns, professional traders increased bullish exposure, strengthening expectations that the $76,000 support zone may continue to hold.

Data from major exchanges showed top traders increasing long positions while reducing short exposure. On Binance, the long to short ratio remained tilted toward bullish positions, while traders on OKX cut bearish bets during recent sessions.

US Economic Pressure and Oil Prices Weigh on Bitcoin Outlook

Investor caution remains tied to broader economic uncertainty. Walmart lowered its 2027 outlook, pointing to pressure on low-income consumers as oil prices remain elevated due to tensions linked to Iran and disruptions around the Strait of Hormuz.

Brent crude oil staying above $95 has also fueled fears of rising inflation, reducing the Federal Reserve’s ability to cut interest rates. Markets are now pricing in a higher possibility of rate hikes by September.

Bitcoin ETF Outflows Limit Chances of $82K Rally

Institutional demand remains soft, with more than $2 billion reportedly leaving US spot Bitcoin ETFs since May 12. Bitcoin prices on Coinbase also traded at a slight discount compared to major global exchanges, often viewed as a sign of weaker US institutional buying.

While improving futures positioning supports the $76,000 level, analysts believe a strong move toward $82,000 may still face resistance unless broader market conditions improve.