💰 Hedge Funds Hold Record Bearish Bitcoin Bets, Data Show
Leveraged funds, which the Commodities Futures Trading Commission (CFTC) describes as hedge funds and commodity trading advisers, held record bearish wagers on the bitcoin (BTC) price at the end of the first quarter as the cryptocurrency’s rally stalled near record highs. That’s the most since the futures began trading in late 2017, according to CFTC figures published last week. CME’s standard bitcoin futures contracts are sized at 5 BTC.
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* This article was originally published here