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Big players build up positions in bitcoin futures on CBOE

Over the week ending September 11, the number of open contracts for bitcoin futures on the CBOE recovered from 3,940 to 4,278 according to a report filed by the Commodity Futures Trading Commission (CFTC).

The net short position held by the big players reduced from 1,451 to 1,335 contracts. Long positions increased from 1,799 to 1,831 contracts, short positions wind down from 3,250 to 3,166. The net long position held by the institutional investors are 49 contracts.

As for the small players, their net long position over the week decreased from 1,368 to 1,239 contracts. Long positions reduced from 1,974 to 1,925 contracts. Short positions build up from 606 to 686 contracts.

By the big 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, 2017, followed by the CME Group on December 18, 2017.

When assessing the difference in short and long positions of big 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 September 11, 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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In August 2018 EXANTE became the member of ISSA – International Securities Services Association.

Why you should not fear the cryptocurrency hedge funds, how to get the maximum from the digital assets growth and what today’s micro-trends can become tomorrow’s boom – on September 10th EXANTE CEO Alexey Kirienko will answer these and other compelling questions.

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