CFTC weekly report shows that speculative activity has weakened after bitcoin prices have fallen

According to Xinhua News Agency, a report released by the US Commodity Futures Trading Commission (CFTC) on Friday showed that the latest data from Bitcoin futures showed that speculative activity had weakened after the price of Bitcoin fell. For the week ending July 23, non-commercial investors (usually considered market speculators) held a net short position of 1222 bitcoin futures contracts; while commercial traders held a net short position of 26 bitcoin futures contracts . Speculators and hedgers are different types of investors. Speculators attempt to profit from asset price volatility, while hedgers attempt to reduce or “hedge” the risk of price fluctuations during asset holdings.