Institutional Bitcoin longs at record-high, hedge funds short — CME data

Cointelegraph

Published Oct 19, 2020 03:06PM ET

Updated Oct 19, 2020 04:40PM ET

According to CME, the amount of Bitcoin (BTC) long contracts held by institutions are at an all-time high. Yet, CME’s most recent Commitment of Trader report shows hedge funds are at a record-high for BTC shorts.

There seemingly is a major difference in the perception of Bitcoin’s short to medium-term trend between hedge funds and institutions.

CME Bitcoin futures net open interest. Source: Skew

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