Cryptocurrency
Hedge funds were net short CME bitcoin futures going into this downturn, CFTC report shows
The Block reports, “Some hedge funders out there appear to have made a stronger bet on the short side of the CME bitcoin futures market over the past week, data from the Commodities Futures Trading Commission shows. “As per a research report by The Block’s Ryan Todd, hedge funds were overwhelmingly short during the week […]
The Block reports, “Some hedge funders out there appear to have made a stronger bet on the short side of the CME bitcoin futures market over the past week, data from the Commodities Futures Trading Commission shows.
“As per a research report by The Block’s Ryan Todd, hedge funds were overwhelmingly short during the week of November 12th compared to the sell-side, asset managers, and other groups. Specifically, net short positioning (Short OI – Long OI) among hedge funds that trade the CME bitcoin product was at an all time high over the last two weeks of COT report prints…”