Markets· ★★★· bearish·

Hedge funds boost bitcoin futures shorts by 1,669 BTC ahead of Fed meeting

  • —Net shorts rose from 38,208 to 39,876 BTC in the week to September 8
  • —The CME 5 BTC contract accounted for 1,360 BTC of the 1,669 BTC change
  • —Shorts rose by 4,965 BTC, longs by 3,296 BTC
  • —Positions were built in the week before the September 15-16 FOMC meeting
Why it matters: Rising shorts ahead of the FOMC may reflect either a bet on a decline or a hedge on spot positions, heightening the risk of a sharp move on the rate decision.
#BTC
Source: CryptoSlate
More on this
Markets · Sep 23
Bitcoin Breaks $85,000 as ETF Inflows Hit $435M and XRP Options Heat Up
 Regulation · 21:51
CLARITY Act failure hits Coinbase, Circle and Strategy as shares fall 5–10%
 Markets · 19:02
Shortwave Coffee starts accepting Bitcoin in three US states