Trading behavior in bitcoin futures: Following the “smart money”
نویسندگان
چکیده
The Bitcoin futures market has grown rapidly since its 2017 introduction. Along with enabling institutional traders to access a regulated cryptocurrency product, provide means improve efficiency by shorting Bitcoin. We examine trading behavior in utilizing the Commodity Futures Trading Commission Commitment of Traders report. Leveraged money tend hold largest positions, be net short, and their plays key role market. Our empirical results show that leveraged display timing ability, largely adjusting short positions. It seems other trader types follow this “smart money” own positions subsequent periods. also demonstrate it is possible construct profitable strategies based on observed variations
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ژورنال
عنوان ژورنال: Journal of Futures Markets
سال: 2022
ISSN: ['0270-7314', '1096-9934']
DOI: https://doi.org/10.1002/fut.22332