Leveraged funds’ Bitcoin futures shorts fall by 5,300 BTC-equivalent as longs shrink

Key points

• Leveraged funds' reported Bitcoin futures shorts fell about 5,299.69 BTC-equivalent and longs fell 908.99 in the week to Sept. 29, per CFTC futures-only data.
• Their net short narrowed from 40,110.83 to 35,720.13 BTC-equivalent, while asset managers' net long rose 2,137.90 to 18,069.10 across the four products.
• Combined open interest fell 13.31% to 103,343.14 BTC-equivalent; the article notes fewer shorts do not establish fresh spot buying, with the next release Oct. 9.

AI summary of CryptoSlate’s report, written only from the publisher’s text. Read the original for full context.