A big drop is on the way? Bitcoin futures traders are "quietly" building empty positions

in #bitcoin7 years ago

In the retail bitcoin firm bullish at the same time, hedge funds and traders are using bitcoin short futures contracts, their bitcoin holdings futures positions have reached a total of 1/4 positions.

Under a "auspicious" image, the future fluctuations in the bitcoin may have buried the fire.
On Sunday, the financial blog ZeroHedge quoted CFTC holdings data, leveraged fund holdings bitcoin futures market has reached $14 million, equivalent to 1/4 of the total positions. In other words, speculators are using futures contracts to empty bitcoins.
Unlike hedge funds and traders, most retail investors still believe that the price of bitcoin will continue to rise. According to the latest statistics of CFTC, the Wall Street journal found that the number of bulls in Cboe bitcoin futures contracts is less than 25 hands, and the number of bulls is 3.6 times the number of short sellers. The "big player" is the opposite, and the number of empty heads is 2.6 times that of a large number.

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The volume of bitcoin futures has not been heated since its introduction

Last December 11th, Cboe bitcoin futures were officially launched, on the first day of more than 3000 dollars, two times the trigger fuse. A week later, CME also officially launched bitcoin futures.
However, the trading volume of bitcoin futures is not warm, in addition to the initial rise in the initial line, the rest of the time is at the low level. According to Morgan chase, the daily average of Cboe and CME bitcoin futures is $50 million and $60 million, respectively. In contrast, Coinmarketcap data shows that spot currency trading volume is up to $15 billion a day.

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The trend differentiation of encrypted currency
In the first week of the new year, the trend of bitcoin was differentiated from other encrypted currencies.
Wall Street knowledge mentioned earlier, in the last week, bitcoin temporarily dormant, and Ethernet reboxetine currency currency and other other currencies shine, block chain related stocks in rocket jump up.
Among the top second encryption currency reboxetine currency in one fell swoop to follow up a victory with hot pursuit, the founder of the world's ten richest list; third coins thrown into the etheric is not resigned to playing second fiddle to break the $1000 mark for the first time. Other small public encrypted currency fluctuations are even more striking.
While bitcoin has also risen, it is less than the rest of the currency, and it retreats after 17000 dollars, and is currently in the vicinity of $16000.

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