Close Menu
    X (Twitter)
    Blockchain Journal
    • News
      • Blockchain News
      • Bitcoin News
      • Ethereum News
      • NFT
      • DeFi News
      • Polkadot News
      • Chainlink News
      • Ripple News
      • Cardano News
      • EOS News
      • Litecoin News
      • Monero News
      • Stellar News
      • Tron News
      • Press Releases
      • Opinion
      • Sponsored
    • Price Analisys
    • Learn Crypto
    • Contact
    • bandera
    Facebook X (Twitter) Instagram
    Blockchain Journal
    Home » Analysis of the situation on the cryptocurrency market in the report on contracts for Bitcoin futures

    Analysis of the situation on the cryptocurrency market in the report on contracts for Bitcoin futures

    0
    By BlockchainJournal on June 5, 2019 News, Price Analisys
    Share
    Facebook Twitter LinkedIn Pinterest Email

    Futures reports are a useful tool for traders that helps to capture the mood among major players and complement the vision of the market situation. On what mood reigns in the camp of the "pillars" of the market Bitcoins , told an analyst Dmitry Perepelkin and head of department of communications Inception Fund Ekaterina Skobitskaya.

    In the period that covers the weekly report from May 21 to May 28, a new gap in bitcoin futures on the CME was formed. On the graph above, I visually displayed this situation. Let me remind you that, historically, gaps show excellent training. This time is no exception.

    Pay attention to the fact that the development took place almost perfectly – a dollar to a dollar. The newly completed gap closure once again underlines that futures have a huge impact on the market.

    Now we will touch directly the COT report itself for the period from May 21 to 28. Institutionalists continue to increase long positions. A total of 43% was added. In this case there is no open short-contract. These data are a signal in favor of the fact that large players expect further growth. There is also no spreading, which means that all 319 long contracts are unprotected.

    In the Leveraged Funds camp, we see that the gap between short positions is noticeably shrinking. 2763 shorts against 2709 longs. The gap is almost 1%. In the last report, the difference reached 6%. The reduction is due to the fact that longs were opened by 33% more than short positions. Spreading is still virtually untouched. Only 3.3% of hedge positions closed.

    As for volumes, CME maintains a high level of daily trade. So, the hype is still on the market.

    Also, do not forget about the interest rate on Bitfinex. She is kept at the same high level:

    You shall not drop! #Bitfinex
    USD monthly interest = 2.1% pic.twitter.com/4yeb6079Ng

    – Dmitry_Quail (@Dmitry_Quail) June 2, 2019

    Publication date 05/06/2019
    Share this material on social networks and leave your opinion in the comments below.


    Bitcoin Bitfinex Featured Report Twitter USD
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    BlockchainJournal

    Related Posts

    Bot Activity in Stablecoins Accounted for Over 70% of Trading Volume

    October 1, 20253 Mins Read

    Brock Pierce’s Million-Dollar Cryptocurrency Donation Shakes Up NYC Politics

    October 1, 20252 Mins Read

    Pavel Durov and Bitcoin: The Investment That Funds the Creator of Telegram

    October 1, 20253 Mins Read

    85% Plunge in Tron Inc. Shares Triggers High Alert

    October 1, 20253 Mins Read

    How Ethical Hackers and the SEAL Safe Harbor Framework Protect Billions

    October 1, 20252 Mins Read

    Defiance Launches TRIL, the New Trillion Dollar Club ETF with Tech Giants and Bitcoin

    October 1, 20253 Mins Read

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    © 2025 Blockchain Journal

    Type above and press Enter to search. Press Esc to cancel.

    We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.