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On September 5, the CFTC announced the latest CME Bitcoin Futures Weekly Report (August 26th to September 1st). During the statistical period, the BTC price was stable, and at the end of the statistical period, the market showed a wave of comparison. Obvious rebound performance. It is worth noting that the recent wave of concentrated market diving actually occurred after the end of the current weekly report statistical period, so the results in the weekly report reflect to a certain extent the position of various accounts before the market plunge.
The total number of positions (the total number of open positions) in the latest period of data further dropped from a historical high of 11,615 to 10,617. This value continues to refresh the July low level set in the previous period. Although the market remains stable, the market Various types of accounts have already carried out a certain range of early risk control and lightening.
In terms of sub-data, large-scale brokerages’ long positions rose sharply from 296 to 745, and short positions rebounded from 1 to 182. The overweight attitude shown by large institutions in the previous weekly position report continued. Long positions increased sharply and directly hit a new historical high. Although short positions also rebounded, compared with the increase in long positions, brokers Before the sharp drop in the latter part of last week, the company actually placed a large number of long positions. From a short-term perspective, large institutions have misjudged the direction of the market.
In the latest statistical cycle, the long positions of the leveraged fund accounts fell from 4839 to 4271, and the short positions rebounded from a historical high of 6148 to 6,842. Judging from the results, leveraged funds have clearly made the most accurate judgments. In the latest statistical cycle, leveraged funds have carried out very clear net air-conditioning positions. The reduction of long positions and the increase of short positions are undoubtedly the most reasonable before the sharp drop. Operation mode.
In terms of large positions, long positions fell slightly from 1957 to 1947, and short positions further fell from 2345 to 1,775. In the latest statistical cycle, the accounts of large accounts have been simultaneously reduced in both long and short directions. Compared with the positions of the above two types of institutions, large accounts still focus on risk control during the market sideways stage. However, it is worth mentioning that after the end of the latest statistical period, large holdings ushered in another long-short reversal. After the last statistical period, the data returned to net long again after the current period. Therefore, this long-short two-way In fact, there are still too many ideas for the simultaneous adjustment of positions, and the big players also “wrongly judged” the short-term sharp drop.
In terms of retail holdings, long positions fell from 3197 to 2815, and short positions fell sharply from 1215 to 439. The operation of retail accounts in the latest statistical cycle is similar to that of large accounts, and the simultaneous reduction of long and short holdings is also carried out, and the reduction of short orders is also greater than the reduction of long orders, which means that such accounts in the market sideways stage Although a certain degree of risk control has been carried out to lighten up positions, there are still too many general ideas for adjusting positions. ~ ~
Compared with this weekly position report, the new weekly position report to be released this Saturday will be of more reference value for us. After the market plunges, various accounts will respond in the first time. It is worth looking forward to.
Extended reading: What is the CFTC position report? What’s the value? How to interpret it?