(BTC) derivatives traders on the Chicago Mercantile Exchange (CME) missed out on incredible profits as BTC’s spot price smashed through $55,000 this week.
Retail investors reduced their long exposure across the Bitcoin futures and options markets in late September, according to data shared by Ecoinometrics. The amount of open short positions also climbed, indicating that derivative traders anticipated Bitcoin’s price to drop, as shown in the chart below.
derivatives — retail traders. Source: CFTC “Commitments of Traders” report, EcoinometricsCME Bitcoin derivatives — smart money. Source: CFTC “Commitments of Traders” report, EcoinometricsCME Bitcoin options — puts vs. calls open interest. Source: EcoinometricsBuy/sell volume in the last 24 hours for Nov. 26 Bitcoin options contract. Source: Laevitas, Crypto HedgerBitcoin rolling net exchange flow. Source: CoinmetricsBitcoin rolling net exchange inflow (second halving vs. third). Source: Coinmetrics
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