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22 September, 2019 00:00 00 AM

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Market speculators hold net short positon of Bitcoin futures

Market speculators hold

Data from the US Commodity Futures Trading Commission on Friday showed that market speculators held net short position of Bitcoin futures this week.
For the week ending Tuesday, non-commercial investors, commonly treated as market speculators, held a net short position of 1,070 Bitcoin future contracts while the total amount of the future contracts held by speculators decreased.
Meanwhile, commercial traders, commonly treated as hedgers, still held a net short position of 26 contracts.
Speculators and hedgers are different types of investors. Speculators try to make a profit from the assets' price volatility, whereas hedgers attempt to reduce or "hedge" the amount of risk created by price volatility during the holding period of the assets.
When investors "short" some kind of financial assets like currencies, commodities, options or futures, they hold a bearish view on the asset and believe there will be a drop in the price.
This week, the price of the cryptocurrency saw moderate movements near 10,000 U.S.

dollars, while its whole market value remained steady at about 180 billion dollars, according to trading website Coinbase.

 

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Editor : M. Shamsur Rahman

Published by the Editor on behalf of Independent Publications Limited at Media Printers, 446/H, Tejgaon I/A, Dhaka-1215.
Editorial, News & Commercial Offices : Beximco Media Complex, 149-150 Tejgaon I/A, Dhaka-1208, Bangladesh. GPO Box No. 934, Dhaka-1000.

Editor : M. Shamsur Rahman
Published by the Editor on behalf of Independent Publications Limited at Media Printers, 446/H, Tejgaon I/A, Dhaka-1215.
Editorial, News & Commercial Offices : Beximco Media Complex, 149-150 Tejgaon I/A, Dhaka-1208, Bangladesh. GPO Box No. 934, Dhaka-1000.

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