Leveraged Funds Cut Bitcoin Futures Shorts
Leveraged funds reduced their Bitcoin futures short positions by 5,300 BTC-equivalent as long positions also shrank, according to CryptoRank.
Leveraged funds reduced their Bitcoin futures short positions by 5,300 BTC-equivalent amidst a simultaneous contraction in long positions, according to data from CryptoRank.
Futures Position Adjustments
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The reduction in short exposure highlights shifting positioning among leveraged market participants in the Bitcoin derivatives sector. Alongside the drop in short contracts, long positions held by these funds also experienced a contraction.
Key facts
- Leveraged funds reduced Bitcoin futures shorts by 5,300 BTC-equivalent
- Long positions also shrank during the same period
- Data reported by CryptoRank
Source: news.google.com
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