Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
Forex futures market speculative positioning data from the CFTC Commitments of Traders report as of the close on Tuesday September 16 2014:
- EUR net short 137 K vs short 157 K prior
- JPY net short 83 K vs 101 K short prior
- GBP net short 6 K vs long 27 K prior
- AUD net long 22 K vs long 41 K prior
- CAD net long 8 K vs long 12 K prior
- CHF net short 11 K vs short 14 K prior
- NZD net long 1K vs long 10K prior
- Full report
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It's clear that fast money was swishing around in cable over the past two weeks as traders weighed the latest polls. I think it's clear at this point that fast money was long headed into the decision and has been cashing out since.
The antipodeans are at some of the lowest net positions in awhile and NZD longs have finally been chased out. Perhaps when AUD longs are wiped it it will be time for a bounce?
Finally, the JPY net short seems very small for a trade that's been such a great one. If specs pile back in, that could get us to 1.10.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.