Bitcoin Futures contact update
🗂 Futures report.👆
A few hours ago was published another information about futures on CME and CBOE. If we analyse it, we can see that the major players still have SHORT positions. The number of SHORT contracts fell by 359, and it is 2433 now, compared to the previous week. However, LONG positions also declined by 314, and they are 1981 now. Small traders still hold their long positions.
We can make the following conclusion: significant superiority in the direction of SHORT has been preserved. The reduction in contracts is because last week was the expiration date of futures contracts, which caused a surge in activity. The situation is still looking very negative, and I want you to be very careful with thoughts like "growth from 5800$ was the first wave of the global growth". As one guy said, maybe this is the death-rattle.
We are waiting for the continuation of the decline.
Thanks
@sajjadkabir1
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