CFTC trading data shows that many people are shorting CME bitcoin futures contracts

According to the Wall Street Journal, despite the recent surge in bitcoin prices, large traders are still bearish. According to data from the Commodity Futures Trading Commission (CFTC), the short position of the Chicago Mercantile Exchange (CME) bitcoin futures last week was 14% more than the long position. According to the report, other companies, whether fund managers or small investors, also hold three short positions. The increase in short positions indicates the overall bearish attitude of large players. However, Bitcoin has risen above $11,000, showing some optimism. The CFTC report shows that small investors hold more long positions. Among investors who hold less than 25 BTC contracts, the ratio of long positions is four times that of ordinary investors.