Altcoin News: Long Positions Held by Institutional Accounts at the CME Have Been Rising Again

October 22, 2019, by Marko Vidrih on ALTCOIN MAGAZINE

Marko Vidrih
Oct 22 · 2 min read

The long positions of institutional investors in Bitcoin futures of the Chicago Mercantile Exchange (CME) are growing this month after the collapse in September, draws attention to the analytical platform skew.

According to the data presented, the volume of positions of such investors since October 1 has grown from less than 500 BTC to above 1,000 BTC. Prior to this, the limit values ​​were fixed in early September above 1,500 BTC, but in the second half of the month at about the same time as the launch of the Bakkt platform Bitcoin futures, a collapse occurred.

Image credit: skew.

“For reference, institutions include pension funds, endowments, insurance companies, mutual funds & portfolio/investment managers whose clients are predominantly institutional,” writes skew.

Analysts also note that the realized volatility of Bitcoin is returning to historical lows — the average daily fluctuations over the past 10 days remain within 2%.

Author: Marko Vidrih


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The best damn place to read and write about crypto and blockchain.