Bitcoin Speculators Slightly Trimmed Their Bearish Bets This Week

02-12-2018, 01:49 AM,
Large cryptocurrency speculators lightened up on their bearish net positions in the Bitcoin futures markets this week, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC) on Friday.

The non-commercial futures contracts of Bitcoin futures, traded by large speculators and hedge funds, totaled a net position of -2,040 contracts in the data reported through Tuesday February 6th. This was a weekly increase of 99 contracts from the previous week which had a total of -2,139 net contracts.

Small traders, meanwhile, reduced their existing bullish positions by an offsetting -99 contracts this week to an overall current level at 2,040 net contracts.

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Bitcoin Speculators Slightly Trimmed Their Bearish Bets This Week
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