Bitcoin Futures Positions at 2-Month High as Traders Go Short
A combination of falling price and rising open interest is said to signal bearish conviction on the part of bitcoin futures traders.
The interbank payment using the e-CNY afforded a zero cost, efficient and convenient payment option in real time, according to the report.
The CFTC has jurisdiction only when looking at futures or other derivatives products, Stump said.
The data doesn't necessarily indicate that the traders are betting on price declines.
The contract will be traded in euros and physically delivered in bitcoin ETNs.
The gap over the spot market price widened to more than $8,000.