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Title: Bitcoin Futures Flat as Contracts Move Short and Merrill Lynch Imposes Ban Post by: mayurobin on January 04, 2018, 06:48:09 PM The Commodity Futures Trading Commission (CFTC), the industry’s main regulatory arm, reports a net increase in short contracts; volume is sluggish, and a legacy bank has now outright forbid clients and advisers from trading in the relatively new product. While it is too early in the experiment to draw definitive conclusions, bitcoin futures might not be the boost enthusiasts hoped.
Bitcoin Futures Present is Less Than Encouraging CFTC end of 2017 reporting noted Chicago Board Options Exchange (Cboe) bitcoin futures broke for short contracts, up by nearly 300 in the final week of last year. Analysts believe bubble talk consumed traders, triggering a selloff. A raised net short position wasn’t expected by most bulls heading into the history market. It isn’t clear what the trend means longer term, but a thirty percent spot price correction was already in the works during 2017’s final weeks which certainly didn’t help matters. Overall, the world’s most popular cryptocurrency finished the year up well-over one thousand percent. |