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Affected by the Christmas holiday, the official website of the CFTC postponed the update time of the latest weekly position report, and once again, in accordance with the “convention”, updated the “shrinked weekly report” with a statistical period of only six trading days before Christmas.
On December 29, the CFTC released the latest CME Bitcoin Futures Weekly Report (December 16 to December 21). It is precisely because the latest official position holding weekly report only counts six trading days, so the latest The statistical cycle, in addition to covering the historical 20,000 integer threshold breakthrough of BTC and the subsequent accelerated rise, came to an abrupt end just after the end of the first round of deep correction after this round of pull-up, which means that the position adjustment results of the latest statistical cycle show In view of the immediate reaction of various accounts after the historical breakthrough in the market and a deep correction, what kind of adjustment results this delicate time node can bring is a major highlight of this week’s report.
The number of total positions (total open positions) rebounded sharply from 11,370 to 12,603 in the latest data. This value ended the previous three weeks of continuous decline and directly hit a new high in nearly eight weeks. BTC broke through an integer of 20,000 The strong performance of directly rushing to more than 23,000 after the pass obviously stimulated the market’s participation enthusiasm, and the anxiety gathered in the high sideways of the past period of time was also swept away at the arrival of this historical breakthrough.
In terms of sub-data, large-scale brokerages’ long positions rebounded from 492 to 573, recovering the decline in the previous statistical cycle, and short positions rose from 26 to 30. Broker accounts are welcomed in the market. After the “wrong” net air-conditioning warehouse had passed before the breakthrough, the latest statistical cycle quickly returned to the situation of taking advantage of the trend. Although the short position has also increased, considering the small base, it is not enough. Cover up the considerable increase in long positions of such accounts in the latest statistical period. It can be considered that this wave of acceleration of BTC has dispelled the doubts of large institutions about the possibility of further opening up space in the market outlook. Such accounts, as long-term firm long supporters, are expected to become a source of momentum for BTC’s further rise in the future.
In the latest statistical cycle, the long position of the leveraged fund account rebounded from 3946 to 4357, and the short position rebounded sharply from 8702 to 10320. The short position hit a record high, and it was also the first single-category account since the launch of the CME Bitcoin contract. The amount of one-way holdings exceeds the 10,000 Zhang mark. In the latest statistical cycle, leveraged funds have carried out a rare simultaneous substantial increase in long and short two-way holdings. Although the increase in short positions is even more substantial, considering that such accounts have higher requirements for risk hedging, it is not ruled out that they are doing large-scale spot The possibility of risk hedging through the platform’s short orders while increasing positions, so the adjustment of positions in the latest statistical cycle of such accounts should not be interpreted as “short”. From the perspective of such a large position blessing, the participation enthusiasm of this type of account is unprecedentedly high, which can also be considered as an expression of confidence in the market outlook.
In terms of large holdings, long positions rebounded from 2027 contracts to 2418 contracts, and short positions rebounded from 84 contracts to 120 contracts simultaneously. In the latest statistical cycle, the large accounts expressed their optimism about the market outlook relatively simply and directly. As the only account with an increase in the proportion of long positions before the market ushers in the breakthrough, there was no significant profit in the latest statistical cycle. In conclusion, on the contrary, it is still making further long orders, which also expresses confidence in the market outlook to further rise.
In terms of retail holdings, long positions fell from 3134 to 3878, and short positions further rose from 606 to 663. The position adjustment status of retail investors in the latest statistical cycle is highly consistent with the previous types of accounts. This type of account has also carried out a considerable amount of simultaneous long and short two-way holdings. Among them, the long position was created second only to August 18 this year. The second-highest level since the historical high of the week. Retail investors who were hesitant to chase the rise and even tried to fight against the trend several times in the past few weeks were not obsessed with fighting against the trend after BTC broke through. It is a relatively rational restart to catch up with more.
In the latest statistical cycle, various accounts have seen extremely rare consistent adjustments. All four types of accounts have made the choice of simultaneous long and short two-way holdings, and together they have pushed up the total holdings for nearly eight weeks. new highs. It can be seen that the recent pullback after the rapid rise has a relatively limited impact on market participants. BTC’s breakthrough of 20,000 has brought a high degree of “car” heat to the short-term market. Considering that BTC is still continuing during the Christmas holidays Therefore, what choices will various accounts make in the last statistical cycle of the fantasy 2020? The next weekly position report is very worth looking forward to.
Extended reading: What is the CFTC position report? What is the value? How to interpret it?
