The decrease in positions in the downward trend does not mean that the downward trend is unsustainable. When the price is at a relatively high level in history, bulls will definitely surpass shorts. If the positions increased from scratch are less than those reduced by bulls, it can also lead to a rapid decline in the market.
As futures are traded in reverse, the positions are greatly reduced when they fall, indicating that long positions and short positions close each other, resulting in a significant reduction in the overall positions. Now that a large number of bears have chosen to take profits, the decline will soon stop and the market will enter a new long-short equilibrium state.
Tips: The above instructions are for reference only and do not make any suggestions. Short-term job changes do not explain the problem. Moreover, due to various lock-in discounts introduced by exchanges, many people lock positions for futures, and changes in positions generally cannot reflect market changes.
Reply time: 202 1- 12-08. Please refer to the latest business changes announced by Ping An Bank in official website.