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The latest CFTC CME Bitcoin Holdings Weekly Report, covering the period from September 6th to September 12th, revealed several key points:
1. Total open interest for Bitcoin standard contracts increased from 15,423 to 16,670 during this period, marking a two-week consecutive rise and reaching a near four-week high. This suggests a continuing resurgence in short-term market interest.
2. Among the largest dealer accounts, long positions increased from 530 to 620, while short positions increased from 1,679 to 2,111. These accounts demonstrated a simultaneous increase in both long and short positions, with a slight decrease in the proportion of long positions. However, considering that long positions reached an eight-week high, these institutional accounts have maintained a cautious bullish outlook over the past few weeks.
3. Asset management institutions saw an increase in long positions from 7,295 to 7,392, while short positions decreased from 1,291 to 850. These accounts shifted from a net short stance to a clear net long position during this reporting period. Asset management institutions and dealer accounts are now aligned in their bullish sentiment, further clarifying the optimistic outlook among institutional account types.
4. Leverage funds increased their long positions from 1,660 to 2,204, and short positions rose from 9,221 to 10,304. Although short positions reached an 11-week high, the proportion of long positions slightly increased. Long positions also reached a three-week high. This suggests that leverage funds have shifted from a predominantly bearish stance to a more neutral, moderately bullish position.
5. Large trader accounts increased their long positions from 2,509 to 2,763, while short positions remained unchanged at 114. Large trader accounts have consistently adjusted their net long positions in the past two reporting periods, further confirming their bullish outlook.
6. Retail traders increased their long positions from 1,134 to 1,191, while short positions decreased from 823 to 791. Retail traders shifted to a net long position during this reporting period, reversing their bearish sentiment from the previous period.
In the case of Micro Bitcoin contracts:
1. Total open interest decreased from 8,760 to 8,102.
2. Dealer accounts increased their long positions from 238 to 298, while short positions decreased from 571 to 426. Dealer accounts demonstrated a clear net long position in Micro contracts, reinforcing their bullish outlook.
3. Asset management institutions reduced their long positions from 400 to 373, while short positions increased from 728 to 838. Asset management institutions shifted to a net short position in Micro contracts, employing their typical counter-risk hedging strategy.
4. Leverage funds reduced their long positions from 2,136 to 1,422, and short positions decreased from 2,507 to 2,416. Leverage funds engaged in simultaneous long and short reduction during this reporting period, with the proportion of long positions returning to the previous period's level. This account type currently exhibits the weakest bullish bias among the major categories.
5. Large trader accounts increased their long positions from 1,853 to 2,276, while short positions rose from 1,984 to 1,985. Large trader accounts simultaneously increased both long and short positions, with a more significant increase in long positions, indicating a predominantly bullish stance.
6. Retail traders reduced their long positions from 2,450 to 2,432, while short positions decreased from 1,287 to 1,136. Retail traders adjusted their net long positions in Micro contracts. |
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Post time 26-9-2023 08:45:19