Bitcoin CME Futures- Open interest (Long/Short) by trader category

Yamane_Keto

hero member

Activity: 406

Merit: 443

Quote from: tranthidung on May 28, 2024, 09:58:48 AM

What do you think about latest sharp rise of Short positions from Hedge Funds?

price tried to break the top of $73,100 several times, but each time a strong barrier was generated below $73,100, which means that the price will remain inside this triangle for a short period, as soon as we see a correction to $62,000 or we break $73,100.

Quote from: tranthidung on May 28, 2024, 09:58:48 AM

It hits highest level since 2021 but will it affect Bitcoin price in coming months?

We will get an answer in the coming days, but inevitably before the end of June we will be either above 73 or below 62.

JeromeTash

legendary

Activity: 2338

Merit: 1261

Heisenberg

Quote from: tranthidung on May 28, 2024, 09:58:48 AM

What do you think about latest sharp rise of Short positions from Hedge Funds?

Perhaps due to the stubborn resistance level in the 69K - 71K range that has proven to be a hard one to crack. They are probably anticipating that the price might plunge once again in the near future before it can break through

But Markets are unpredictable. Anything can happen, and we could also see massive liquidations like we have seen in the past if a sudden unexpected uptrend happens.

Quote from: tranthidung on May 28, 2024, 09:58:48 AM

It hits highest level since 2021 but will it affect Bitcoin price in coming months?

Bitcoins price movements have already been altered since the approval of ETFs. We even had a new all-time high even before Bitcoin halving, something that has never happened before. So whatever happens in the coming months, just be ready for a "new normal"
Also, I could not be the only one who has noticed that Bitcoin price volatility has sort of reduced.

tranthidung

legendary

Activity: 2310

Merit: 4085

Farewell o_e_l_e_o

There are two CME Bitcoin Futures charts with different contract types for Long and Short positions.

LONG

CME Bitcoin Futures: Each contract = 5 BTC of notional value
- https://www.theblock.co/data/crypto-markets/cme-cots/open-interest-of-cme-bitcoin-futures-by-trader-category-weekly
CME Micro Bitcoin Futures: Each contract = 0.1 BTC of notional value
- https://www.theblock.co/data/crypto-markets/cme-cots/open-interest-of-cme-micro-bitcoin-futures-by-trader-category-long

SHORT
Similarly but for Short positions.

CME Bitcoin Futures
- https://www.theblock.co/data/crypto-markets/cme-cots/open-interest-of-cme-bitcoin-futures-by-trader-category-short
CME Micro Bitcoin Futures
- https://www.theblock.co/data/crypto-markets/cme-cots/open-interest-of-cme-micro-bitcoin-futures-by-trader-category-short

Talkimg.com has slow uploading speed when I make this thread, so please visit links to see those charts. I will return to attach images when I can upload them.

What do you think about latest sharp rise of Short positions from Hedge Funds?
It hits highest level since 2021 but will it affect Bitcoin price in coming months?

Topic: Bitcoin CME Futures- Open interest (Long/Short) by trader category (Read 63 times)