CME Sees Institutional Bitcoin Investments Drop This Week According to Latest CFTC Data

Much of the community has been relying on institutional investments to bring new liquidity and revenue to the cryptocurrency industry.

While the overall institutional investment in Bitcoin has been seeing an increase lately, data from the Commodity Futures Trading Commission (CFTC) reveals a change in that trend. According to this information, the investment with Bitcoin futures on the Chicago Mercantile Exchange (CME) have been decreasing over the last week.

The data collected comes from April 9th, when there were 244 open long positions held by institutional investors and asset managers, which is 71 fewer open long positions (30% decrease) since April 2nd. The open short positions only add up to 80, which is nine fewer than the week before, which is a drop of 11%.

Last week, there were 35 open spreading positions, which has dwindled down to three open spreading positions on April 9th.

On the CME platform specifically, institutional investors are holding more long than short positions. Still, the total open positions for the asset still has more open short positions. On the CME exchange, there are 4,177 open short positions for BTC futures contracts while there are only 3,267 open long positions. In the time from April 2nd until April 9th, long positions had a small increase of 366, while the total short positions were a little more substantial, increasing by 421.

Bitcoinist had formerly reported that the previous week of long positions with CME Bitcoin futures contracts with both asset managers and institutional investors had increased. Specifically, there had been an 88% spike with institutional long positions, compared to 315 long contracts that had opened on or before April 2nd. Short positions saw a drop from 241 to 89 contracts, which reflected 63% decrease.

Last week, Cointelegraph reported on the record trading volumes for Bitcoin futures on April 4th, coinciding with the rise of value in Bitcoin volume that surpassed any of the highs of previous months. Presently, with no substantial ups and downs, Bitcoin’s price is residing at $5,104.83 at 12:38pm MST today.

Thomas Lee, the co-founder of Fundstrat Global Advisors, said last week that the “Bitcoin Misery Index” of his creation was seeing its highest numbers since the summer of 2016. He noted that this data sends mixed signals when compared with the fact that Bitcoin’s highest reading since the same time was recorded in the same week.

Bitcoin Price's All Time High Was 481 Days Ago: BTC Mining Halving is 400 or So Days Away

Get Free Email Updates!

*Action* Enter Best Email to Get Trending Crypto News & Bitcoin Market Updates

I will never give away, trade or sell your email address. You can unsubscribe at any time.

Krystle M
Krystle is an American cryptocurrency blogger that wants to see the future of crypto and blockchain technology evolve. She has been writing about cryptocurrency for about a year, with a special interest in blockchain technology and regulatory measures around the world. While away from writing and learning about the changes in the cryptocurrency industry, she likes to indulge in science fiction novels and further her experience in playing both guitar and piano.

[Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

[Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer


Please enter your comment!
Please enter your name here


Live Bitcoin Price & Latest BTC Charts

Today's Latest Crypto News

Goldman Sachs’ Lazy Bitcoin Assessment is Embarrassing

Crypto community has been eagerly awaiting Goldman Sachs’ client call today in which they were to discuss bitcoin. But it all turned out to be...

Crypto Derivatives Exchange ErisX, Opens API Service for BCH, BTC, ETH, and LTC Block Trading

ErisX REST API will now grant registered clients access to their Block Trade platform. This will be a reserve for the Institutional investors...

Polkadot’s Chain Candidate Goes Live in Anticipation for the Proof of Stake (PoS) Version

Polkadot's initial mainnet has been launched by Web3 Foundation and Parity Technologies according to a blog post on May 26. This much anticipated sharding...

Bitfury Announces Bitcoin Mining Investment Program For Institutional Clients

Bitfury, one of the oldest Bitcoin mining firms established back in 2011, has announced a Bitcoin mining investment program for institutional investors on May...

7 Bullish Ethereum Charts that says Ether is “Significantly Undervalued”

The price of Ether might still be struggling around $200 but its fundamentals are screaming bullish. Post Black Thursday sell off, Ether has been seeing...

BitcoinExchangeGuide is a hyper-active daily crypto news portal with care in cultivating the cryptocurrency culture with community contributors who help rewrite the bold future of blockchain finance. Subscribe on Google News, see the mission, authors, editorial links policy, investment disclaimer, privacy policy. Got News? Contact us, we are human too. Note: nothing here is financial advice, do your own research thoroughly.

Start Using Crypto Today