CFTC Report: Non-commercial interest in CME Bitcoin futures declines, or BTC prices fall further

Since the peak of bitcoin prices exceeded $13,000 in July this year, institutional investors and retail investors have been losing interest in bitcoin futures, and the bitcoin futures market as a whole has shown a downward trend. According to a report issued by the US CFTC on the futures market on Tuesday, CME's cash-settled futures contract has fallen to 865 net short contracts, which indicates that BTC prices will be worrying in the coming weeks. sign. As of the week of November 12, non-commercial investors, often considered market speculators, held a net short position of 865 BTC contracts. The decline in interest in speculative buyers suggests that bitcoin prices may fall as short positions take over the bitcoin market.