Over the week ending August 14, the number of open contracts for bitcoin futures on the CBOE recovered from 4,454 to 4,548, according to a report filed by the Commodity Futures Trading Commission (CFTC).
The net short position held by the big players decreased from 1,637 to 1,578 contracts. Long positions recovered from 1,828 to 2,056 contracts, short positions recovered from 3,465 to 3,636. The net short position held by the institutional investors are 10 contracts.
As for the small players, their net long position over the week recovered from 1,611 to 1,532 contracts. Long positions recovered from 2,160 to 2,249 contracts. Short positions recovered from 549 to 717 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 August 14, 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.