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Big players slightly increase positions in bitcoin futures on CBOE

Over the week ending June 5, the number of open contracts for bitcoin futures on the CBOE increased from 5,480 to 5,618, according to a report filed by the Commodity Futures Trading Commission (CFTC).

The net short position held by the bigger players went up from 1,829 to 2,079 contracts over the period, whereas long positions declined from 2,787 to 2,564 contracts while short positions remained almost flat, rising from 4,616 to 4,643 contracts. The net long position held by the institutional investors was up from 110 to 125 contracts.

As for the smaller players, their net long position over the week increased from 1,679 to 1,926 contracts, with their long positions being up from 2,350 to 2,483 contracts, and the short positions down from 671 to 557 contracts.

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.

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.

The figures reflected in the text are based on the data from the report filed by the Commodity Futures Trading Commission (CFTC) published on June 5, 2018. The information in this text is provided to you for informational purposes only and should not be regarded as an offer or solicitation of an offer to buy or sell any investments or related services that may be referenced here. Please be aware that short selling strategy implies high risks.

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Looking to invest in crypto, but don’t want any legal trouble? EXANTE Director of Sales for Europe and the CIS Guntars Pupelis will talk about the legal aspects of cryptocurrency investing at the conference Funds and cryptocurrencies: the Development and the Technology, set to take place on June 14 in Cyprus.

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