Home›Crypto›Market Structure›Leveraged funds’ Bitcoin futures net short narrows aft…

Leveraged funds’ Bitcoin futures net short narrows after shorts drop

In the week to Sept. 29, leveraged funds cut reported shorts by about 5,299.7 BTC-equivalent while longs also declined, shrinking their net short to 35,720.1 BTC-equivalent.

Reported · Written up by our desk · Market Structure

CryptoSlate reports that leveraged funds’ reported Bitcoin futures shorts fell by about 5,300 BTC-equivalent in the week leading to Sept. 29, according to the latest futures-only positions released in the Oct. 2 reporting cycle.

The snapshot covers CME standard and micro Bitcoin futures plus Coinbase Derivatives’ nano Bitcoin and nano perpetual-style futures, with positions converted into BTC-equivalent exposure and described as futures holdings rather than transfers of physical bitcoin, the outlet said.

Versus Sept. 22, the funds’ reported shorts decreased by 5,299.69 BTC-equivalent, while their longs fell by 908.99 BTC-equivalent. As a result, their net short narrowed by 4,390.70 BTC-equivalent, from 40,110.83 to 35,720.13 BTC-equivalent, CryptoSlate reported.

CryptoSlate also noted that the funds’ combined short exposure still exceeded their longs, and that the long and short columns exclude separately recorded, offsetting spread positions.

Latest closeBitcoin $84,904.37 ▲0.5%

More like this

Sources