Leveraged Funds Cut Bitcoin Futures Net Shorts by Nearly 15%

Leveraged funds pared their net short position in Bitcoin (BTC) futures on the Chicago Mercantile Exchange (CME) by nearly 15% through Oct. 13 as prices fell and offsetting positions grew. Across CME’s standard and micro contracts, the funds held a net short position of about 30,611 BTC equivalent on Oct. 13, down from about 35,903 BTC equivalent a week earlier. A standard contract represents 5 BTC, while a micro contract represents 0.1 BTC. Converting both to BTC equivalent adds the micro contracts to earlier coverage of standard-contract positions .

Source: TokenPost