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Tuesday 22 September 2020 ,
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14 October, 2019 00:00 00 AM
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Market speculators hold net short positon of Bitcoin futures

XINHUA, Washington

Market speculators held a net short position of Bitcoin futures this week, according to a report from U.S. Commodity Futures Trading Commission on Friday.

Non-commercial investors, commonly treated as market speculators, held a net short position of 907 Bitcoin future contracts for the week ending Tuesday.

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 asset 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 8,300 U.S. dollars, while its whole market value remained steady at about 150 billion dollars, according to trading website "Coinbase."

 

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Published by the Editor on behalf of Independent Publications Limited at Media Printers, 446/H, Tejgaon I/A, Dhaka-1215.
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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.

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