Is There a Big Short in Bitcoin?

[Anonymous No.14365399]

Despite the recent bitcoin price spike, big traders are bearish, according to a report from the Wall Street Journal.

The outlet reported data from the Commodity Futures Trading Commission showing managers holding 14% more short positions in CME bitcoin futures last week than long positions. Other firms, neither money managers nor small investors, also held three times as many short positions, according to the report.

Futures allow traders to bet on the rise and fall of an asset, so the increase of short positions indicates an overall bearish attitude by big players. However, bitcoin has risen above $11,000, indicating there is some optimism.

The CFTC report showed small investors held more long positions. The demographic of investors with fewer than 25 BTC contracts showed four times as many long positions. That report was released Friday, with data reflecting when bitcoin was hovering around $9,000.

[Anonymous No.14365488]

>boomers shorting btc futures

Waooo, get rekt, they are probably liq by now.

[Anonymous No.14365518]

whales are shorting

[Anonymous No.14365568]

>lle big short maymay
>retard watches some movie with Selena Gomez in it and thinks he's Michael Burry
why are you fags so cringe?

[Anonymous No.14365601]

>>14365399
>(((Wall Street Journal)))

[Anonymous No.14365604]

wtf why is this pinned?

[Anonymous No.14365658]

>>14365604
how the fuck does this guy have 4chan gold?

[Anonymous No.14365717]

The price has since gone up 33%+. Those shorts either got liq'd or are only holding onto the short out of idealism (surely it'll fall). It's not indicative of anything, other than the fact that many people believe it's risen too high (which alone is not reason for it to fall).

[Anonymous No.14365738]

>>14365604
Jannies are all bobo posters it makes perfect sense

[Anonymous No.14365777]

>>14365399
Boomers when will they learn