Reference reading: "Understand what the CFTC position weekly report is in one article"
The latest CFTC CME Bitcoin Position Weekly Report (January 4-January 10) released on January 14 showed that the total number of Bitcoin standard contract positions increased from 14530 to 14891, which is slightly higher than the previous statistical period. There was a rebound, but the increase was very limited. After the end of this statistical period, the price of Bitcoin ushered in a rapid rise. Therefore, which types of accounts successfully "foreseen" this round of market trends during this statistical period is the main focus of this weekly report.
The largest dealer account's long position increased from 300 to 306, and the short position further decreased from 3643 to 3567, which has dropped for three consecutive weeks. This type of account has once again adjusted its net long position in the latest statistical period, continuing the net long attitude in the previous two statistical periods. As the most clear supporter of the long side in recent times, the largest institution once again made an accurate prediction before the recent round of rise. Large institutions are still the most valuable reference vane in the market.
The long position of asset management institutions increased from 5766 to 6212, and the short position decreased from 923 to 880. Asset management institutions made a clear net long position adjustment in the latest statistical period, which changed the net short attitude in the previous statistical periods. Before the market accelerated, asset management institutions also made position adjustments that were completely opposite to their previous judgments. Such institutional accounts did not stick to the short-biased thinking of the previous statistical periods. The two types of large-scale institutional accounts also reached a long-lost consensus on the direction, and the short-term market bullish sentiment was high.
The long position of leveraged funds increased from 4453 to 5217, and the short position increased from 5650 to 6612. Leveraged funds increased their long and short holdings simultaneously in the latest statistical period. The proportion of long positions in such accounts further increased slightly, but the increase in the proportion of long positions was negligible. The lack of direction in such accounts in recent times has not been alleviated, and leveraged funds still did not find a direction on the eve of this round of rise.
The long positions of large accounts decreased from 1297 to 701, and the short positions increased from 1789 to 1991, which was a new high in nearly 114 statistical periods. In the latest statistical period, large accounts once again made a clear net cold adjustment. The bearish attitude of such accounts in the past two statistical periods was quite clear. However, judging from the results, large accounts may have suffered heavy losses in this round of rise.
The retail investors’ long positions increased from 1103 to 1339, and the short positions decreased from 914 to 716. The retail investors made a net long adjustment in the latest statistical period. Such accounts also made the correct judgment before the market accelerated its rise. The retail investors and large institutions became the winners in the short-term market.
Total open interest in Bitcoin micro contracts fell from 6,429 to 7,262.
The dealer account long position decreased from 568 to 389, and the short position increased from 0 to 534. This type of account performed a standard risk hedging operation in the micro contract, which is contrary to the standard contract.
The long position of asset management institutions' accounts increased from 138 to 143, and the short position decreased from 1249 to 1244. The asset management institutions made a small net long adjustment in the micro contracts. This adjustment in the same direction as the standard contracts shows the determination of the asset management institutions in the latest statistical period.
The leveraged fund’s long position increased from 1521 to 1910, and the short position increased from 2056 to 2698. The leveraged fund increased its long and short positions simultaneously during the latest statistical period, and the data on the proportion of long and short positions did not change much. This adjustment idea is similar to that of standard contracts. The leveraged fund did not express a clear long-short preference in both types of accounts.
The long position of large investors increased from 1325 to 1687, and the short position decreased from 1111 to 986. This type of account made a net long adjustment that was contrary to the standard contract during the latest statistical period. This is a classic risk hedging against the standard contract adjustment. The large investors’ short-term bearish attitude was not affected, but through the operation of micro contracts, the losses were controlled to a certain extent.
Retail long positions increased from 1975 to 2465, and short positions increased from 1111 to 1132.
