Record ratio of short and long positions in BTC futures on CME was recorded

A net short is 430 contracts, one of the highest ever

21.11.2022 - 09:00

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What’s new? Wall Street investors are betting against bitcoin through the Chicago Mercantile Exchange (CME), according to the US Securities and Exchange Commission’s (CFTC) data on short and long positions. Thus, as of November 16, 13 601 contracts are short and 13 170 are long. That puts the net short at 430 contracts, one of the highest ever. As of November 21, 09:30 UTC, BTC is trading at $16 003, down by 3,76% in 24 hours, according to Binance.

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What is known about CME Group? The platform allows trading derivatives — futures, and options, optimizing portfolios, and analyzing data for risk management. CME Group’s exchanges offer a wide range of global reference marks across all major asset classes based on interest rates, stock indices, and currencies.

CME Group launched its first dollar-denominated BTC futures contract in December 2017, followed by an ETH futures contract in February 2021. In March 2022, the exchange also launched option futures based on BTC and ETH. In addition, CME launched euro-based futures for the same cryptocurrencies on August 29.

Also on September 12, CME launched options on ETH. The initiative was implemented just in advance of the network’s transition to PoS. More than 1,8 million contracts had been concluded on existing ETH futures at the time.

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