RATE Group | Data shows asset managers switched to long positions last week
87214
post-template-default,single,single-post,postid-87214,single-format-standard,ajax_fade,page_not_loaded,,qode_grid_1300,side_area_uncovered_from_content,footer_responsive_adv,qode-content-sidebar-responsive,qode-child-theme-ver-1.0.0,qode-theme-ver-13.3,qode-theme-bridge,wpb-js-composer js-comp-ver-7.9,vc_responsive
 

Data shows asset managers switched to long positions last week

02 May Data shows asset managers switched to long positions last week

Posted at 05:27h in Bitcoin News by

  • Asset Managers switch to long positions 324 vs 35 shorts.
  • Leveraged funds are still net short 3,379 v 2,024.

Bitcoin futures CoT report data shows quite a big change from last week. The asset managers are now long 324 contracts vs 35 shorts and the net change is 106 long added and 281 short contracts were trimmed off the books. 

Leveraged funds are still short 3,379 vs 2,024 longs. The net change is also in favour of the short side as 353 short contracts were added vs 370 long contracts that were cut. 

It seems that over the last week the asset managers won this battle as the BTC/USD price spiked past the 9k level to hit a high of 9,479.66. The price has not managed to hold above the 9K level as for the 3rd time in consecutive sessions the price breached the zone and fell back through.

Bitcoin CoT report

Source link

Tags:
, , , , , , ,