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Small players build up positions in bitcoin futures on CBOE

Over the week ending October 9, the number of open contracts for bitcoin futures on the CBOE wind down from 4,083 to 4,028 according to a report filed by the Commodity Futures Trading Commission (CFTC).

The net short position held by the big players increased from 1,297 to 1,372 contracts. Long positions recovered from 1,826 to 1,860 contracts, short positions increased from 3,123 to 3,232.

As for the small players, their net long position over the week recovered from 1,297 to 1,372 contracts. Long positions increased from 1,882 to 1,999 contracts. Short positions build up from 585 to 627 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 October 8, 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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