Data: The value of long position in Bitcoin futures held by institutions doubled in October

According to the latest data from analyst Skew Markets on October 22, the long position value of Bitcoin futures institutional investors rose from less than 500 BTC ($4.11 million) on October 1 to more than 1,000 BTC on October 16 (8.23 million) USD). This increase has reversed the decline of institutional bulls since September. While Bakkt launched Bitcoin futures, open positions began to decline from around 1,300 BTC.