According to Foresight News, the latest CFTC CME Bitcoin Positions Weekly Report (August 30 – September 5) shows that the total number of standard contract positions for Bitcoin decreased from 16,172 to 14,962. This marks the second consecutive week of decline, with various account types making different choices in response to the market downturn.
The largest dealer accounts saw long positions decrease from 565 to 520, and short positions decrease from 2,785 to 2,077. These accounts continued to reduce both long and short positions during the latest statistical period, with the proportion of long positions increasing further. This adjustment is consistent with the previous statistical period, indicating that large institutions are relatively optimistic about the market while reducing positions.
Asset management institutions saw long positions decrease from 7,758 to 7,624, while short positions increased from 936 to 1,539, reaching a new 52-week high. These accounts continued the previous statistical period’s adjustment strategy, making a clear net short adjustment. The market downturn has reinforced the short-term bearish outlook for these accounts, intensifying the long-short battle between them and dealer accounts.
Leveraged funds saw long positions decrease from 2,483 to 1,670, and short positions decrease from 10,012 to 8,755. These accounts also reduced both long and short positions during the latest statistical period, with the proportion of long positions decreasing further. This indicates a short-term bearish outlook for these accounts, similar to asset management institutions.
Large accounts saw long positions decrease from 2,517 to 2,224, and short positions decrease slightly from 164 to 162. After a significant increase in long positions, these accounts made a clear profit-taking reduction as the market downturn unfolded. This adjustment suggests that these accounts lack confidence in the market’s short-term ability to quickly resume an upward trend, making a relatively bearish judgment.
Retail investors saw long positions decrease from 1,277 to 1,218, and short positions increase from 703 to 723. Retail investors made a clear net short adjustment during the latest statistical period, which is a typical trend-following operation in the context of a market downturn.
The total number of micro-contract positions for Bitcoin increased from 8,778 to 8,998. Dealer accounts, asset management institutions, leveraged funds, large accounts, and retail investors all made various adjustments to their positions in micro-contracts, with some engaging in short-term risk hedging operations.