According to a recent report from the Commodity Futures Trading Commission hedge funds and other money managers held about 14 percent more bearish short positions than they did bullish long positions last week; this comes at a time when bitcoin has seen a resurgence getting above $12,000 as of this morning; other large traders were even more bullish on the digital currency as they do not believe this surge will last very long; small investors, defined as those with fewer than 25 bitcoin contracts, on the other hand were the most bullish; “Traditional market participants may be more skeptical of bitcoin than millennial day traders,” said George Michalopoulos, a portfolio manager with Chicago fund manager Typhon Capital Management LLC, to the Wall Street Journal. Source.
