Bitcoin Speculators Added To Their Bearis

in #cryptocurrency6 years ago (edited)

Bitcoin Futures COT Data: Speculators vs Small Traders

The Bitcoin futures data is in its twenty-ninth week since the beginning of the cryptocurrency futures data releases on December 19th. The data includes trader classifications of only speculators and small traders and without commercial traders (typically business hedgers or producers of a commodity).

Speculators continue to be on the bearish side since the start of the bitcoin data releases while the small traders have been on the other side of this market.

Bitcoin per USD:

Over the same weekly reporting time-frame, from Tuesday to Tuesday, the Bitcoin Cryptocurrency Futures closed at approximately $6609.39 which was a rise of $386.61 from the previous close of $6222.78, according to unofficial market data

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