According to The Block's analysis of the Bitcoin futures trading data published by the US Commodity Futures Trading Commission (CFTC), the CME futures contract market in CME on November 12 compared to other types of institutions. Hedge funds are shorting bitcoin under the big bet. The Block added that because the data comes from the net position of the position in the Bitcoin futures market, it does not mean that the hedge fund is only shorting the bitcoin. It is not excluded that the institutions have already purchased the spot and therefore the possibility of hedging in the futures market. .