Multi-account long positions hit a new low this year, and pessimism spreads | CFTC Bitcoin Positions Weekly Report

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The latest CFTC CME Bitcoin Holdings Weekly Report (May 24-May 30) released on June 3 showed that the total holdings of Bitcoin standard contracts dropped sharply from 13,043 to 11,715, which was a record for nearly a whole year. A new low, in the context of no change in the value of the previous statistical cycle and a very limited market volatility, the sharp drop in the value of the latest statistical cycle shows that the preference for short-term market risk control has risen rapidly.

The long position of the largest dealer account dropped from 546 to 497, and the short position rose from 2437 to 2555. The six-week consecutive decline in this value came to an abrupt end. The previous statistical cycle of this type of account expressed the bullish attitude that it had maintained earlier After the signal was loosened, the latest statistical cycle directly carried out a clear net air-conditioning warehouse, and the attitude of large institutions was completely empty.

The long positions of asset management institutions have risen from 6373 to 6478, and the short positions have risen simultaneously from 180 to 184. Asset management institutions have carried out two-way simultaneous increase in long and short positions in the latest statistical cycle. However, due to the very limited range of position adjustment, the ratio of long and short positions There is not much change in the total positions and total positions, and there is still no clear long-short preference for such accounts in the latest statistical period.

The long position of leveraged funds dropped from 2184 to 1865, the value fell below 2000 for the first time since the end of June last year, and the short position dropped simultaneously from 7078 to 6639. Although this type of account has carried out two-way simultaneous reduction of long and short positions in the latest statistical cycle, However, the sharp decline in the proportion of long-single positions and the performance of long positions hitting a new low in nearly a year have consolidated the bearish attitude expressed by such accounts in the previous statistical cycle.

The long position of the large account has dropped sharply from 1189 to 416, and the short position has dropped sharply from 949 to 315. Although the large account's two-way simultaneous reduction of long and short positions in the latest statistical cycle did not lead to a significant change in the long-short position ratio, it did. The urgency of short-term risk control for similar accounts is undoubtedly revealed.

The long position of retail investors dropped from 1207 to 1178, which hit a new low in the past three months, and the short position dropped from 855 to 741. Retail investors have carried out two-way synchronous reduction of long and short positions in the latest statistical cycle. Although the proportion of long and single positions is slightly However, the performance of long positions hitting a new low in nearly 12 weeks shows that retail investors are also concerned about potential risks.

Total open interest in Bitcoin micro contracts fell from 10,042 to 6,569.

The long position of the dealer account decreased from 557 to 196, and the short position decreased from 2265 to 1110. This type of account has carried out two-way simultaneous reduction of long and short positions in the micro contract, and the reduction rate is quite considerable. With the headroom operation and the substantial reduction in the holdings of micro-contracts, large institutions have conveyed quite clearly the pessimistic information about the market outlook.

The long position of the account of the asset management institution dropped from 341 to 315, and the short position rose from 636 to 682. The asset management institution once again carried out a net air-conditioning position in the micro contract.

The long position of leveraged funds dropped sharply from 3832 to 1430, and the short position dropped from 3784 to 2995. Leveraged funds have carried out two-way synchronous reduction of long and short positions in the latest statistical cycle, and the overall position has changed from net long to net short. Empty operations are in the same direction.

The long position of large households rose from 1838 to 2007, and the short position dropped from 1270 to 756. This type of account has carried out a net long position adjustment in the latest statistical cycle, and this type of account is one of the few bullish forces in the short term.

The long positions of retail investors fell from 2598 to 2407, and the short positions fell from 1202 to 812.