On September 19, the CFTC announced the latest CME Bitcoin Futures Weekly Report (September 9 to September 15). BTC prices continued to rebound during the statistical period, but the strength of the rebound was similar to the sharp drop in the previous statistical period. The comparison is not very impressive. From the perspective of price, the market is still operating in a relatively weak area. Therefore, this weekly report mainly shows that various accounts have adjusted their positions after the market has plummeted and the initial stabilization signal has appeared. logic.
The total number of open positions (total open positions) rebounded from a historical high of 8,198 to 9,383 in the latest data, breaking away from the low level of more than two months. The stabilization of the market has caused market panic. Moderate, short-term participation has returned to some extent.
In terms of sub-data, the large-scale brokers’ long positions rebounded sharply from 256 to 717, and short positions further dropped from 35 to 12. The reduction of multiple orders carried out by large institutions in the last statistical cycle has almost been fully covered in the latest statistical cycle. Although the market has not been able to fully recover the previous decline, the broker’s bullish attitude towards the market outlook is highlighted, especially in In such a weak environment, a clear net long position adjustment is sufficient to demonstrate the clear bullish attitude of this type of account.
In the latest statistical cycle, the long position of leveraged fund accounts rose slightly from 2,758 to 2,819, and the short position rebounded from 4,661 to 5,224. The leveraged fund did not conduct a very clear one-way adjustment in the latest statistical cycle, just A fairly limited two-way simultaneous increase in long and short holdings. Although this kind of position adjustment shows a rebound in the short-term participation of leveraged funds, it also means that this type of account is not very clear about the long-short tendency of the market outlook, and a small adjustment is a conservative choice.
In terms of large holdings, long positions dropped from 1,729 to 1,653, and short positions rebounded from 2028 to 2,766. In the latest statistical cycle, large accounts have once again carried out a unilateral adjustment with a clear direction. In the latest statistical cycle, these accounts have increased their short positions by a large margin while reducing their holdings by an appropriate amount in the latest statistical cycle. New high since the week of August 11. Compared with institutional investors whose short-term sentiment has improved significantly, large investors are obviously on the back of their adjustment ideas, especially after their net positions turned short last week, such a large increase in short orders expresses their lack of confidence in the prospects for a rebound. .
In terms of retail holdings, long positions rebounded from 2724 to 3415, and short positions rebounded from 514 to 602. Although retail investors have also increased their short positions in the latest statistical cycle, this type of account has also been increased by long positions while adding short positions. As the most optimistic group in this market for a long time, retail investors have felt the market situation. The pressure brought about by the decline, but did not continue to increase in chasing shortfalls like the big players, but fell into a state of relative hesitation after the market stabilized.
Extended reading: What is the CFTC position report? What’s the value? How to interpret it?
