Leveraged funds’ Bitcoin futures shorts fall by 5,300 BTC-equivalent as longs shrink
Summary
CFTC futures-only data for the week to Sept. 29 show leveraged funds’ Bitcoin futures shorts fell by about 5,300 BTC-equivalent, while longs declined by about 909 BTC-equivalent. Their net short narrowed by 4,391 BTC-equivalent to 35,720, but remained net short. Asset managers’ net long rose by 2,138 BTC-equivalent to 18,069. Open interest across the four covered products fell 13.31% to 103,343 BTC-equivalent. The figures cover CME and Coinbase Derivatives futures, not spot Bitcoin, and do not establish new buying or a change in bearish conviction.
