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Bitcoin futures open interest on CME nears 2021 all-time high

Coin Telegraph LogoCoin Telegraph2 mo ago

Bitcoin futures open interest on CME nears 2021 all-time high - Coin Telegraph

Quick Summary:

The futures positioning on CME shows Bitcoin could still move higher from its current price, says IG Australia analyst Tony Sycamore.

Until CME’s latest report comes through on Tuesday, Dec.12, Sycamore said investors won’t be able to see exactly how the players at CME are positioned.“What we can’t see right now is whether the big players have gone from a net short to a net long, Sycamore said.“If we saw the market getting extremely long, you’d be very worried about a snapback.

Sycamore pointed to CME’s Nov.28 report to the Commodities Futures Trading Commission, which showed the “big players” on its platform were sitting net short at the time, with 20,724 short positions compared to 18,979 longs, Sycamore explained.


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Article Details

Author / Journalist: Cointelegraph by Tom Mitchelhill

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2023-12-06 @ 01:42:11 (2 months ago)

News Timezone: GMT -5:00

News Source URL: cointelegraph.com

Language: English

Article Length: 535 words

Reading Time: 3 minutes read

Sentences: 20 lines

Sentence Length: 27 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Coin Telegraph

News ID: 19153190

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About Coin Telegraph

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Main Topics: Crypto

Official Website: cointelegraph.com

Year Established: 2013

Headquarters: United States

News Last Updated: ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT -5:00

Content Availability: Worldwide

News Language: English

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API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #11

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