Fresh off of bitcoin’s record high in late November, leverage funds trading bitcoin futures on the Chicago Mercantile Exchange continue adding to their short positions as the leading cryptocurrency trades above $19,000.

Update (Dec. 5, 17:38 UTC): This article has been updated to reflect the carry trade possibility for short OI increase in addition to hedging strategies.

(Excerpt) Read more Here | 2020-12-05 10:37:30
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