Leveraged Funds Boost Net Shorts as Asset Managers Go Long

According to recent data from September 22, Bitcoin futures positioning has moved in opposite directions. Leveraged funds have increased their net short position by deepening shorts while asset managers have gone long.

Leveraged funds held a net short position of 7,953 contracts as of September 22. This is an increase of 1,599 contracts from the previous report, as they reduced long positions by 800 contracts and added 799 short positions. Meanwhile, asset managers held a net long position of 3,171 contracts after adding 434 long contracts and 23 short contracts.

The total Bitcoin futures open interest rose to 22,315 contracts from 20,773 previously, an increase of 1,542 contracts. However, it's essential to note that this data does not show whether the positions are hedges or directional trades.