How Institutions Position Themselves In Bitcoin This Week

in forex •  7 years ago  (edited)

For Bitcoins, the latest COT as of Tuesday, May 15, 2018, institutions stay net short bitcoins and increased bearish bets by 239 bitcoins to net negative 1,874 bitcoins.

479 longs were closed and 240 shorts were closed as well, Now Longs total 3,152 bitcoins vs shorts total 5,026 bitcoins .

39% long exposure vs 61% short exposure , Longs dropped 2% and shorts added 2% from the previous week

This week Bitcoin started at 9,356 on 5/8, rallied high to 9,450 , came down to 8,208 low on 5/12, closed at 8,474 on 5/15

bit.png

More longs being closed indicated institutions not expecting price moving higher after it hits 9900s. They also closed some shorts when price at 8200s- 8400s levels

Bearish bias remains...

Please note institutions take weeks and months to build a position. Bitcoin future exchange started a few months ago,
there were not enough data to analyze institutions long term view in crypto market.

forex bitcoin crypto money investment
7 years ago by

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      ·  7 years ago 

    I'm shorting with institutions. They are smarter than me for sure. 😜

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      ·  7 years ago 

    I don't know which institutions are , but I know @scorer , you are the smart one. ..Thanks a lot for UV..

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      ·  7 years ago 

    Enjoy the UV while you can, because I'm selling STEEM as well. Soon I'm going to be a minnow like you are. 😉

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      ·  7 years ago (edited)

    I will always be your friend @scorer, for rich and poor in steem........you have done enough for me...
    you can now consider to join Forex world like Gator @gatorinla and I...

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      ·  7 years ago 

    Thanks. Crypto trading is enough for me right now.

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    [-]
      ·  7 years ago 

    i hear that..

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      ·  7 years ago 

    Should I be worried now? 😂

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