Next generation investment company
HelpСontacts
Phone:  +44 20 3670 9945 Call us 24/7

Big players build up positions in bitcoin futures on CBOE

Big players build up positions in bitcoin futures on CBOE

Over the week ending April 10, the number of open contracts for bitcoin futures on the CBOE increased from 6,198 to 6,614, according to the report filed by the Commodity Futures Trading Commission (CFTC).

The net short position held by the bigger players went up from 1,786 to 2,154 contracts over the period, whereas long positions declined from 3,342 to 3,344 contracts, and short positions increased from 5,228 to 5,489 contracts. The net long position held by the institutional investors was up from 379 to 424 contracts.

As for the smaller players, their net long position over the week decreased from 1,786 to 1,721 contracts, as both long and short positions rose, from 2,624 to 2,676 contracts and from 838 to 955 contracts, respectively.

By the bigger players we here mean the participants obliged to submit regular reports to the commission, including brokers, externally financed investment funds, and others.

The figures above do not take into account the positions that are part of spread trading strategies, where traders open both short and long positions simultaneously.

The CBOE began trading bitcoin futures on December 10, followed by the CME Group on December 18. However, the CME Group data are still not reflected in the weekly CFTC report.

When assessing the difference in short and long positions of large and small players, it should be borne in mind that a short position in the bitcoin futures market does not necessarily mean that the trader’s forecast for the price of the underlying asset is negative.

Next article
Created by professionals. For professionals.
privacy protect
Nearest representative office:  EXANTE LTD.
1 Fore Street,
London
EC2Y 9DT, +44 20 3670 9945
Version 0.4.111

We only use the cookies that critical to the functioning of our website and services. We never transfer your personal data to advertising companies. You may withdraw your consent at any time.

Try the EXANTE Web Platform

Do demo trading on the real quotes. No signup required. No strings attached. Check it out right now!