CME Leveraged Funds Double Down on Shorts as Bitcoin Maintains $19,000

CME Leveraged Funds Double Down on Shorts as Bitcoin Maintains $19,000
CME bitcoin futures open interest for leveraged funds

Fresh off of bitcoin’s 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.

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