Speculator’s Australian Dollar Bets hit new bearish record. CAD, GBP & USD Index bets rise
By InvestMacro Here are the latest charts and statistics for the Commitment of Traders (COT) data published by the Commodities Futures Trading Commission (CFTC). The latest COT data is updated through Tuesday November 3rd and shows a quick view of how large market participants (for-profit speculators and commercial traders) were positioned in the futures markets. […]
By InvestMacro
Here are the latest charts and statistics for the Commitment of Traders (COT) data published by the Commodities Futures Trading Commission (CFTC).
The latest COT data is updated through Tuesday November 3rd and shows a quick view of how large market participants (for-profit speculators and commercial traders) were positioned in the futures markets. All currency positions are in direct relation to the US dollar where, for example, a bet for the euro is a bet that the euro will rise versus the dollar while a bet against the euro will be a bet that the euro will decline versus the dollar.
Weekly Speculator Changes led by Canadian Dollar & British Pound
The COT currency market speculator bets were higher this week as six out of the eleven currency markets we cover had higher positioning while the other five markets had lower speculator contracts.
Leading the gains for the currency markets was the Canadian Dollar (24,649 contracts) with the British Pound (19,593 contracts), Brazilian Real (13,147 contracts), Swiss Franc (3,460 contracts), Japanese Yen (730 contracts) and the US Dollar Index (69 contracts) also showing positive weeks.
The currencies seeing declines in speculator bets on the week were the EuroFX (-13,897 contracts) and the Mexican Peso (-2,826 contracts) with the New Zealand Dollar (-2,325 contracts), Australian Dollar (-1,142 contracts) and the Bitcoin (-490 contracts) also registering lower bets on the week.
Currency Roundup: Australian Dollar Bets hit new bearish record. CAD, GBP & US Dollar Index bets rise
Highlighting the Currency market speculator positioning this week were the Canadian Dollar, the British Pound Sterling and the US Dollar Index seeing higher positioning while the Australian Dollar, New Zealand Dollar and the Euro had lower levels on the week.
The Canadian Dollar speculator bets rose by over +24,000 contracts this week. This was the second week out of the last three weeks that speculator bets have gained by over +20,000 contracts. The Canadian Dollar speculator position has now risen for three consecutive weeks and this improvement has brought the Canadian Dollar net positioning to its least bearish level out of the past seven weeks as it stands at -41,775 net contracts this week. In the Forex markets, the Canadian Dollar overall continues to slide downwards against the US Dollar with a decline this week by over -1% as the Canadian Dollar exchange rate settled the week at 0.7087.
The British Pound Sterling position gained this week by approximately +20,000 net contracts and (similarly to the CAD) it is also the second time in the past three weeks where it has risen for approximately +20,000 net contracts or more. Overall, the British Pound Sterling net position has been in a consistent bearish level since July of 2025 and as recently as four weeks ago, on October 13th, the net position had totaled -106,964 net contracts. The improvement over the past three weeks has brought this bearish position down to -59,821 contracts, which is the lowest or least bearish level of the past seven weeks. In the Forex markets, the British Pound Sterling has been trading in a sideways band against the US Dollar since April of 2025, with an approximate support level on the bottom at 1.3150 and a resistance level above at 1.3750. This week, the GBP settled at 1.3352.
On the downside this week was the Euro, which dropped by -13,897 net contracts this week. And the Euro has now fallen in seven out of the past nine weeks with a total drop by -132,866 net contracts over just these past nine weeks. This renewed weakness has brought the overall net position for the Euro speculators to -157,791 net contracts. This is the fourth straight week that the net position has been greater than -100,000 net contracts, and this week’s position is the most bearish level since January of 2016. In the Forex markets this week, the Euro has dipped for three consecutive weeks and in six out of the past seven weeks, with this week’s close at 1.1156 that coincides with the 200-week moving average.
The Australian Dollar saw speculator bets fell once again this week for an eighth consecutive week. That has taken off -94,587 net contracts from the overall position in just these past eight weeks. This sentiment weakness has pushed the Australian Dollar net position into a new all-time record bearish level at -129,457 contracts. That has broken the record that was set in the past two weeks previously. In the Forex markets, the Australian Dollar took a strong hit this week and fell by over -2%, falling through the significant 0.7000 support resistance level and closing the week at the 0.6859 exchange against the USD.
The New Zealand Dollar speculator positions have also been deteriorating rather sharply recently and the New Zealand Dollar has now fallen in six out of the past seven weeks. This week’s overall standing for the New Zealand Dollar hit the fourth most bearish level on record at a total of -60,015 contracts. The overall record bearish record level was hit earlier this summer in July, at a total of -65,189 contracts. In the Forex markets, the New Zealand Dollar has fallen for two consecutive weeks and is trading at the lowest levels since January. This week the NZD fell through the support level of 0.5600 to close the week at 0.5549 against the USD.
Finally, the US Dollar Index speculator positions edged up slightly this week by just 69 contracts. Overall, the US Dollar speculator position has seen higher contracts in five out of the past six weeks and the overall position for the DXY speculator bets is at a total of 14,190 contracts. The Dollar Index speculator bets have now been in a consecutive bullish level for 24 straight weeks, with the last 21 consecutive weeks seeing positions above the +10,000 net contract level. In the Forex markets this week, the US Dollar Index closed above the 102.00 level (at 102.18 to end the week) and just slightly above its 200-week moving average.
Mexican Peso tops Currency Price Performance Leaders
In the major Currency markets this week, the Mexican Peso led the price performances with a 0.90% increase over the past five days. Next up, the Swiss Franc saw a rise by 0.56% while the US Dollar Index came in next with a 0.40% rise.
On the downside, the British Pound Sterling dipped by -0.29% followed by the Euro which was lower by -0.31% and the Japanese Yen which declined by -0.51%. The Canadian Dollar was down by almost -1% with a -0.98% decrease while the New Zealand Dollar was lower by -1.31% and the Australian Dollar dropped by -2.26% on the week.
The biggest decliner on the week was Bitcoin which saw lower levels by -3.15%.
Currencies Data:
Legend: Open Interest | Speculators Current Net Position | Weekly Specs Change | Specs Strength Score compared to last 3-Years (0-100 range)
Strength Scores led by US Dollar Index & Japanese Yen
COT Strength Scores (a normalized measure of Speculator positions over a 3-Year range, from 0 to 100 where above 80 is Extreme-Bullish and below 20 is Extreme-Bearish) showed that the US Dollar Index (79 percent) and the Japanese Yen (79 percent) lead the currency markets this week. Bitcoin (74 percent), the Brazilian Real (73 percent) and the Swiss Franc (72 percent) come in as the next highest in the weekly strength scores.
On the downside, the Australian Dollar (0 percent), the EuroFX (0 percent), the New Zealand Dollar (5 percent) and the Mexican Peso (14 percent) come in at the lowest strength levels currently and are in Extreme-Bearish territory (below 20 percent).
3-Year Strength Statistics:
US Dollar Index (78.6 percent) vs US Dollar Index previous week (78.4 percent)
EuroFX (0.0 percent) vs EuroFX previous week (4.1 percent)
British Pound Sterling (18.9 percent) vs British Pound Sterling previous week (11.1 percent)
Japanese Yen (78.8 percent) vs Japanese Yen previous week (78.6 percent)
Swiss Franc (71.6 percent) vs Swiss Franc previous week (64.2 percent)
Canadian Dollar (66.5 percent) vs Canadian Dollar previous week (55.9 percent)
Australian Dollar (0.0 percent) vs Australian Dollar previous week (0.5 percent)
New Zealand Dollar (5.4 percent) vs New Zealand Dollar previous week (7.8 percent)
Mexican Peso (13.8 percent) vs Mexican Peso previous week (15.9 percent)
Brazilian Real (73.4 percent) vs Brazilian Real previous week (63.9 percent)
Bitcoin (73.8 percent) vs Bitcoin previous week (81.5 percent)
Swiss Franc & US Dollar Index top the 6-Week Strength Trends
COT Strength Score Trends (or move index, calculates the 6-week changes in strength scores) showed that the Swiss Franc (22 percent) and the US Dollar Index (10 percent) lead the past six weeks trends for the currencies. The British Pound (9 percent), the Japanese Yen (8 percent) and the Canadian Dollar (5 percent) are the next highest positive movers in the 3-Year trends data.
The New Zealand Dollar (-51 percent) leads the downside trend scores currently with the Mexican Peso (-40 percent), Australian Dollar (-38 percent) and the EuroFX (-31 percent) following next with lower trend scores.
3-Year Strength Trends:
US Dollar Index (9.9 percent) vs US Dollar Index previous week (9.1 percent)
EuroFX (-31.2 percent) vs EuroFX previous week (-34.6 percent)
British Pound Sterling (9.1 percent) vs British Pound Sterling previous week (-8.3 percent)
Japanese Yen (8.3 percent) vs Japanese Yen previous week (-5.2 percent)
Swiss Franc (21.9 percent) vs Swiss Franc previous week (19.3 percent)
Canadian Dollar (4.9 percent) vs Canadian Dollar previous week (-12.4 percent)
Australian Dollar (-38.4 percent) vs Australian Dollar previous week (-41.6 percent)
New Zealand Dollar (-50.7 percent) vs New Zealand Dollar previous week (-71.1 percent)
Mexican Peso (-40.5 percent) vs Mexican Peso previous week (-47.4 percent)
Brazilian Real (-5.9 percent) vs Brazilian Real previous week (-18.3 percent)
Bitcoin (-8.2 percent) vs Bitcoin previous week (3.9 percent)
Individual COT Forex Markets:
US Dollar Index Futures:
Positioning Notes:
- US Dollar Index large speculator standing this week recorded a net position of 14,190 contracts in the data reported through Tuesday.
- Weekly Speculator position advance of 69 contracts from the previous week which had a total of 14,121 net contracts.
- This week’s current strength score (range over the past 3 years, measured from 0 to 100) shows the speculators are currently Bullish with a score of 78.6 percent.
- The Commercials are Bearish with a score of 20.2 percent.
- The Small Traders (not shown in chart) are Bullish-Extreme with a score of 80.3 percent.
Price Trend-Following Model: Strong Uptrend
Our weekly trend-following model classifies the current market price position as: Strong Uptrend.
| US DOLLAR INDEX Statistics | SPECULATORS | COMMERCIALS | SMALL TRADERS |
| – Percent of Open Interest Longs: | 67.3 | 22.5 | 7.6 |
| – Percent of Open Interest Shorts: | 38.4 | 55.9 | 3.1 |
| – Net Position: | 14,190 | -16,414 | 2,224 |
| – Gross Longs: | 33,054 | 11,048 | 3,728 |
| – Gross Shorts: | 18,864 | 27,462 | 1,504 |
| – Long to Short Ratio: | 1.8 to 1 | 0.4 to 1 | 2.5 to 1 |
| NET POSITION TREND: | |||
| – Strength Index Score (3 Year Range Pct): | 78.6 | 20.2 | 80.3 |
| – Strength Index Reading (3 Year Range): | Bullish | Bearish | Bullish-Extreme |
| NET POSITION MOVEMENT INDEX: | |||
| – 6-Week Change in Strength Index: | 9.9 | -10.5 | 7.0 |
Euro Currency Futures:
Positioning Notes:
- Euro Currency large speculator standing this week recorded a net position of -157,791 contracts in the data reported through Tuesday.
- Weekly Speculator position fall of -13,897 contracts from the previous week which had a total of -143,894 net contracts.
- This week’s current strength score (range over the past 3 years, measured from 0 to 100) shows the speculators are currently Bearish-Extreme with a score of 0.0 percent.
- The Commercials are Bullish-Extreme with a score of 100.0 percent.
- The Small Traders (not shown in chart) are Bearish with a score of 44.0 percent.
Price Trend-Following Model: Strong Downtrend
Our weekly trend-following model classifies the current market price position as: Strong Downtrend.
| EURO Currency Statistics | SPECULATORS | COMMERCIALS | SMALL TRADERS |
| – Percent of Open Interest Longs: | 26.2 | 57.9 | 9.8 |
| – Percent of Open Interest Shorts: | 44.2 | 43.6 | 6.0 |
| – Net Position: | -157,791 | 124,851 | 32,940 |
| – Gross Longs: | 229,383 | 507,069 | 85,612 |
| – Gross Shorts: | 387,174 | 382,218 | 52,672 |
| – Long to Short Ratio: | 0.6 to 1 | 1.3 to 1 | 1.6 to 1 |
| NET POSITION TREND: | |||
| – Strength Index Score (3 Year Range Pct): | 0.0 | 100.0 | 44.0 |
| – Strength Index Reading (3 Year Range): | Bearish-Extreme | Bullish-Extreme | Bearish |
| NET POSITION MOVEMENT INDEX: | |||
| – 6-Week Change in Strength Index: | -31.2 | 26.6 | 20.2 |
British Pound Sterling Futures:
Positioning Notes:
- British Pound Sterling large speculator standing this week recorded a net position of -59,821 contracts in the data reported through Tuesday.
- Weekly Speculator position advance of 19,593 contracts from the previous week which had a total of -79,414 net contracts.
- This week’s current strength score (range over the past 3 years, measured from 0 to 100) shows the speculators are currently Bearish-Extreme with a score of 18.9 percent.
- The Commercials are Bullish-Extreme with a score of 80.4 percent.
- The Small Traders (not shown in chart) are Bearish with a score of 29.6 percent.
Price Trend-Following Model: Downtrend
Our weekly trend-following model classifies the current market price position as: Downtrend.
| BRITISH POUND Statistics | SPECULATORS | COMMERCIALS | SMALL TRADERS |
| – Percent of Open Interest Longs: | 26.0 | 61.9 | 10.3 |
| – Percent of Open Interest Shorts: | 50.3 | 33.8 | 14.0 |
| – Net Position: | -59,821 | 68,999 | -9,178 |
| – Gross Longs: | 63,780 | 152,021 | 25,230 |
| – Gross Shorts: | 123,601 | 83,022 | 34,408 |
| – Long to Short Ratio: | 0.5 to 1 | 1.8 to 1 | 0.7 to 1 |
| NET POSITION TREND: | |||
| – Strength Index Score (3 Year Range Pct): | 18.9 | 80.4 | 29.6 |
| – Strength Index Reading (3 Year Range): | Bearish-Extreme | Bullish-Extreme | Bearish |
| NET POSITION MOVEMENT INDEX: | |||
| – 6-Week Change in Strength Index: | 9.1 | -6.7 | -10.7 |
Japanese Yen Futures:
Positioning Notes:
- Japanese Yen large speculator standing this week recorded a net position of 102,321 contracts in the data reported through Tuesday.
- Weekly Speculator position lift of 730 contracts from the previous week which had a total of 101,591 net contracts.
- This week’s current strength score (range over the past 3 years, measured from 0 to 100) shows the speculators are currently Bullish with a score of 78.8 percent.
- The Commercials are Bearish with a score of 24.9 percent.
- The Small Traders (not shown in chart) are Bearish with a score of 35.2 percent.
Price Trend-Following Model: Uptrend
Our weekly trend-following model classifies the current market price position as: Uptrend.
| JAPANESE YEN Statistics | SPECULATORS | COMMERCIALS | SMALL TRADERS |
| – Percent of Open Interest Longs: | 59.7 | 29.8 | 9.5 |
| – Percent of Open Interest Shorts: | 32.8 | 56.9 | 9.2 |
| – Net Position: | 102,321 | -103,167 | 846 |
| – Gross Longs: | 227,198 | 113,315 | 35,976 |
| – Gross Shorts: | 124,877 | 216,482 | 35,130 |
| – Long to Short Ratio: | 1.8 to 1 | 0.5 to 1 | 1.0 to 1 |
| NET POSITION TREND: | |||
| – Strength Index Score (3 Year Range Pct): | 78.8 | 24.9 | 35.2 |
| – Strength Index Reading (3 Year Range): | Bullish | Bearish | Bearish |
| NET POSITION MOVEMENT INDEX: | |||
| – 6-Week Change in Strength Index: | 8.3 | -6.7 | -9.8 |
Swiss Franc Futures:
Positioning Notes:
- Swiss Franc large speculator standing this week recorded a net position of -16,589 contracts in the data reported through Tuesday.
- Weekly Speculator position lift of 3,460 contracts from the previous week which had a total of -20,049 net contracts.
- This week’s current strength score (range over the past 3 years, measured from 0 to 100) shows the speculators are currently Bullish with a score of 71.6 percent.
- The Commercials are Bearish with a score of 48.1 percent.
- The Small Traders (not shown in chart) are Bearish with a score of 23.2 percent.
Price Trend-Following Model: Downtrend
Our weekly trend-following model classifies the current market price position as: Downtrend.
| SWISS FRANC Statistics | SPECULATORS | COMMERCIALS | SMALL TRADERS |
| – Percent of Open Interest Longs: | 22.1 | 63.9 | 7.5 |
| – Percent of Open Interest Shorts: | 34.6 | 41.5 | 17.4 |
| – Net Position: | -16,589 | 29,792 | -13,203 |
| – Gross Longs: | 29,482 | 85,043 | 9,986 |
| – Gross Shorts: | 46,071 | 55,251 | 23,189 |
| – Long to Short Ratio: | 0.6 to 1 | 1.5 to 1 | 0.4 to 1 |
| NET POSITION TREND: | |||
| – Strength Index Score (3 Year Range Pct): | 71.6 | 48.1 | 23.2 |
| – Strength Index Reading (3 Year Range): | Bullish | Bearish | Bearish |
| NET POSITION MOVEMENT INDEX: | |||
| – 6-Week Change in Strength Index: | 21.9 | -21.7 | 13.7 |
Canadian Dollar Futures:
Positioning Notes:
- Canadian Dollar large speculator standing this week recorded a net position of -41,775 contracts in the data reported through Tuesday.
- Weekly Speculator position lift of 24,649 contracts from the previous week which had a total of -66,424 net contracts.
- This week’s current strength score (range over the past 3 years, measured from 0 to 100) shows the speculators are currently Bullish with a score of 66.5 percent.
- The Commercials are Bearish with a score of 37.8 percent.
- The Small Traders (not shown in chart) are Bearish with a score of 29.7 percent.
Price Trend-Following Model: Weak Uptrend
Our weekly trend-following model classifies the current market price position as: Weak Uptrend.
| CANADIAN DOLLAR Statistics | SPECULATORS | COMMERCIALS | SMALL TRADERS |
| – Percent of Open Interest Longs: | 28.5 | 63.0 | 7.5 |
| – Percent of Open Interest Shorts: | 40.4 | 48.8 | 9.7 |
| – Net Position: | -41,775 | 49,384 | -7,609 |
| – Gross Longs: | 99,234 | 219,508 | 26,239 |
| – Gross Shorts: | 141,009 | 170,124 | 33,848 |
| – Long to Short Ratio: | 0.7 to 1 | 1.3 to 1 | 0.8 to 1 |
| NET POSITION TREND: | |||
| – Strength Index Score (3 Year Range Pct): | 66.5 | 37.8 | 29.7 |
| – Strength Index Reading (3 Year Range): | Bullish | Bearish | Bearish |
| NET POSITION MOVEMENT INDEX: | |||
| – 6-Week Change in Strength Index: | 4.9 | -2.7 | -16.6 |
Australian Dollar Futures:
Positioning Notes:
- Australian Dollar large speculator standing this week recorded a net position of -129,457 contracts in the data reported through Tuesday.
- Weekly Speculator position lowering of -1,142 contracts from the previous week which had a total of -128,315 net contracts.
- This week’s current strength score (range over the past 3 years, measured from 0 to 100) shows the speculators are currently Bearish-Extreme with a score of 0.0 percent.
- The Commercials are Bullish-Extreme with a score of 97.9 percent.
- The Small Traders (not shown in chart) are Bullish with a score of 75.3 percent.
Price Trend-Following Model: Weak Uptrend
Our weekly trend-following model classifies the current market price position as: Weak Uptrend.
| AUSTRALIAN DOLLAR Statistics | SPECULATORS | COMMERCIALS | SMALL TRADERS |
| – Percent of Open Interest Longs: | 30.8 | 58.7 | 10.1 |
| – Percent of Open Interest Shorts: | 70.2 | 24.4 | 5.0 |
| – Net Position: | -129,457 | 112,683 | 16,774 |
| – Gross Longs: | 101,093 | 192,945 | 33,285 |
| – Gross Shorts: | 230,550 | 80,262 | 16,511 |
| – Long to Short Ratio: | 0.4 to 1 | 2.4 to 1 | 2.0 to 1 |
| NET POSITION TREND: | |||
| – Strength Index Score (3 Year Range Pct): | 0.0 | 97.9 | 75.3 |
| – Strength Index Reading (3 Year Range): | Bearish-Extreme | Bullish-Extreme | Bullish |
| NET POSITION MOVEMENT INDEX: | |||
| – 6-Week Change in Strength Index: | -38.4 | 37.3 | -6.1 |
New Zealand Dollar Futures:
Positioning Notes:
- New Zealand Dollar large speculator standing this week recorded a net position of -60,015 contracts in the data reported through Tuesday.
- Weekly Speculator position lowering of -2,325 contracts from the previous week which had a total of -57,690 net contracts.
- This week’s current strength score (range over the past 3 years, measured from 0 to 100) shows the speculators are currently Bearish-Extreme with a score of 5.4 percent.
- The Commercials are Bullish-Extreme with a score of 93.9 percent.
- The Small Traders (not shown in chart) are Bearish-Extreme with a score of 18.5 percent.
Price Trend-Following Model: Strong Downtrend
Our weekly trend-following model classifies the current market price position as: Strong Downtrend.
| NEW ZEALAND DOLLAR Statistics | SPECULATORS | COMMERCIALS | SMALL TRADERS |
| – Percent of Open Interest Longs: | 13.9 | 82.7 | 3.1 |
| – Percent of Open Interest Shorts: | 59.2 | 35.3 | 5.1 |
| – Net Position: | -60,015 | 62,729 | -2,714 |
| – Gross Longs: | 18,469 | 109,563 | 4,055 |
| – Gross Shorts: | 78,484 | 46,834 | 6,769 |
| – Long to Short Ratio: | 0.2 to 1 | 2.3 to 1 | 0.6 to 1 |
| NET POSITION TREND: | |||
| – Strength Index Score (3 Year Range Pct): | 5.4 | 93.9 | 18.5 |
| – Strength Index Reading (3 Year Range): | Bearish-Extreme | Bullish-Extreme | Bearish-Extreme |
| NET POSITION MOVEMENT INDEX: | |||
| – 6-Week Change in Strength Index: | -50.7 | 50.7 | -21.5 |
Mexican Peso Futures:
Positioning Notes:
- Mexican Peso large speculator standing this week recorded a net position of 18,017 contracts in the data reported through Tuesday.
- Weekly Speculator position reduction of -2,826 contracts from the previous week which had a total of 20,843 net contracts.
- This week’s current strength score (range over the past 3 years, measured from 0 to 100) shows the speculators are currently Bearish-Extreme with a score of 13.8 percent.
- The Commercials are Bullish-Extreme with a score of 85.9 percent.
- The Small Traders (not shown in chart) are Bearish with a score of 30.4 percent.
Price Trend-Following Model: Strong Downtrend
Our weekly trend-following model classifies the current market price position as: Strong Downtrend.
| MEXICAN PESO Statistics | SPECULATORS | COMMERCIALS | SMALL TRADERS |
| – Percent of Open Interest Longs: | 34.7 | 62.6 | 1.7 |
| – Percent of Open Interest Shorts: | 28.4 | 69.1 | 1.6 |
| – Net Position: | 18,017 | -18,261 | 244 |
| – Gross Longs: | 98,323 | 177,374 | 4,833 |
| – Gross Shorts: | 80,306 | 195,635 | 4,589 |
| – Long to Short Ratio: | 1.2 to 1 | 0.9 to 1 | 1.1 to 1 |
| NET POSITION TREND: | |||
| – Strength Index Score (3 Year Range Pct): | 13.8 | 85.9 | 30.4 |
| – Strength Index Reading (3 Year Range): | Bearish-Extreme | Bullish-Extreme | Bearish |
| NET POSITION MOVEMENT INDEX: | |||
| – 6-Week Change in Strength Index: | -40.5 | 41.8 | -29.5 |
Brazilian Real Futures:
Positioning Notes:
- Brazilian Real large speculator standing this week recorded a net position of 46,033 contracts in the data reported through Tuesday.
- Weekly Speculator position gain of 13,147 contracts from the previous week which had a total of 32,886 net contracts.
- This week’s current strength score (range over the past 3 years, measured from 0 to 100) shows the speculators are currently Bullish with a score of 73.4 percent.
- The Commercials are Bearish with a score of 23.6 percent.
- The Small Traders (not shown in chart) are Bullish with a score of 58.8 percent.
Price Trend-Following Model: Strong Downtrend
Our weekly trend-following model classifies the current market price position as: Strong Downtrend.
| BRAZIL REAL Statistics | SPECULATORS | COMMERCIALS | SMALL TRADERS |
| – Percent of Open Interest Longs: | 54.9 | 27.3 | 15.5 |
| – Percent of Open Interest Shorts: | 28.4 | 57.7 | 11.6 |
| – Net Position: | 46,033 | -52,780 | 6,747 |
| – Gross Longs: | 95,388 | 47,370 | 26,829 |
| – Gross Shorts: | 49,355 | 100,150 | 20,082 |
| – Long to Short Ratio: | 1.9 to 1 | 0.5 to 1 | 1.3 to 1 |
| NET POSITION TREND: | |||
| – Strength Index Score (3 Year Range Pct): | 73.4 | 23.6 | 58.8 |
| – Strength Index Reading (3 Year Range): | Bullish | Bearish | Bullish |
| NET POSITION MOVEMENT INDEX: | |||
| – 6-Week Change in Strength Index: | -5.9 | 4.2 | 12.8 |
Bitcoin Futures:
Positioning Notes:
- Bitcoin large speculator standing this week recorded a net position of 2,230 contracts in the data reported through Tuesday.
- Weekly Speculator position lowering of -490 contracts from the previous week which had a total of 2,720 net contracts.
- This week’s current strength score (range over the past 3 years, measured from 0 to 100) shows the speculators are currently Bullish with a score of 73.8 percent.
- The Commercials are Bearish with a score of 26.1 percent.
- The Small Traders (not shown in chart) are Bearish with a score of 31.8 percent.
Price Trend-Following Model: Weak Uptrend
Our weekly trend-following model classifies the current market price position as: WeakUptrend.
| BITCOIN Statistics | SPECULATORS | COMMERCIALS | SMALL TRADERS |
| – Percent of Open Interest Longs: | 89.3 | 0.0 | 4.3 |
| – Percent of Open Interest Shorts: | 76.5 | 12.1 | 5.0 |
| – Net Position: | 2,230 | -2,123 | -107 |
| – Gross Longs: | 15,644 | 0 | 762 |
| – Gross Shorts: | 13,414 | 2,123 | 869 |
| – Long to Short Ratio: | 1.2 to 1 | 0.0 to 1 | 0.9 to 1 |
| NET POSITION TREND: | |||
| – Strength Index Score (3 Year Range Pct): | 73.8 | 26.1 | 31.8 |
| – Strength Index Reading (3 Year Range): | Bullish | Bearish | Bearish |
| NET POSITION MOVEMENT INDEX: | |||
| – 6-Week Change in Strength Index: | -8.2 | 17.9 | -23.8 |
Article By InvestMacro – Receive our weekly COT Newsletter
*COT Report: The COT data, released weekly to the public each Friday, is updated through the most recent Tuesday (data is 3 days old) and shows a quick view of how large speculators or non-commercials (for-profit traders) were positioned in the futures markets.
The CFTC categorizes trader positions according to commercial hedgers (traders who use futures contracts for hedging as part of the business), non-commercials (large traders who speculate to realize trading profits) and nonreportable traders (usually small traders/speculators) as well as their open interest (contracts open in the market at time of reporting). See CFTC criteria here.
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