EconomyMassive Bitcoin derivatives gap between CME and Coinbase threatens violent position shakeout
As of Aug. 25, leveraged funds held a 41,252 BTC-equivalent net short in CME Bitcoin futures, versus a 151 BTC-equivalent net long in Coinbase’s related contract. CME open interest was about 51 times larger, but the data cannot show whether the shorts are outright bets or hedges, so it does not yet establish that a violent squeeze is coming.
Massive Bitcoin derivatives gap between CME and Coinbase threatens violent position shakeout
Economy