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 August 26th 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 Japanese Yen, Mexican Peso & Euro
The COT currency market speculator bets were slightly lower this week as five out of the eleven currency markets we cover had higher positioning while the other six markets had lower speculator contracts.
Leading the gains for the currency markets was the Japanese Yen (6,903 contracts), the Mexican Peso (4,473 contracts), the EuroFX (4,294 contracts), Bitcoin (828 contracts) and the Swiss Franc (300 contracts) also showing positive weeks.
The currencies seeing declines in speculator bets on the week were the Canadian Dollar (-11,936 contracts) with the British Pound (-6,168 contracts), the Australian Dollar (-5,703 contracts), the New Zealand Dollar (-2,035 contracts), the Brazilian Real (-1,494 contracts) and the US Dollar Index (-117 contracts) also registering lower bets on the week.
Mexican Peso Bets rise to over 1-Year High, Euro & Yen Bets advance
Highlighting this week’s currency COT data is the Mexican Peso speculator positions that have risen for 2 straight weeks and in 5 out of the past 6 weeks. Overall, the Mexican Peso’s speculative positions have been in a continuous bullish position for 31 consecutive weeks as it has only had one bearish week (January 21, 2025 at -1,544 contracts) out of the last 129 weeks, dating back to March of 2023.
The current Peso standing is now at +68,998 net contracts, which marks the highest level in over a year, dating back to July 30th of 2024. The Peso’s speculative strength score is at a modest 64% of its 3-year range with a 6-week increase in strength (trend score) by 9.6% – indicating a strong bullish sentiment but not near extreme.
In the exchange rate market, the Peso has continued to rise steadily against the U.S. Dollar with a recent break above its 200-week moving average. The Peso is now up by approximately 12% on the year versus the U.S. Dollar with the futures price closing at 0.0535 this week.
More Currency Positioning:
Japanese Yen speculator bets this week rose by almost +7,000 contracts and were higher for a second consecutive week. Prior to these latest 2 weeks, the Japanese Yen bets had fallen for 3 straight weeks and for 6 out of the previous 7 weeks. From March 4th all the way to July 22nd, the Japanese Yen speculator bets were extremely bullish and above the +100,000 net contract level for a stretch of 21 consecutive weeks including new all-time record highs in April. Currently, the Japanese Yen speculator positions are still highly bullish but have fallen out of the +100,000 contract range, with this week’s standing at +84,484 net contracts.
The Euro positions rose again this week for a second straight week after seeing declines in the previous 4 weeks. This week’s increase has pushed the net position to a 4-week high of +123,039 net contracts. The Euro positioning has been highly bullish with 11 consecutive weeks of speculator positions above +100,000 contracts. Overall, the euro positioning has been in a bullish standing for 25 consecutive weeks after seeing its last bearish level on March 4th of this year. The Euro price versus the US dollar in the forex markets has been on a strong run this year as well, with gains of approximately 14% against the USD over 2025. The euro started the year around the 1.0335 level and ended this week at the 1.1710 exchange rate.
The Canadian dollar speculator positions dropped by over -11,000 contracts this week and have fallen for 5 consecutive weeks The CAD positions have now declined in 8 out of the last 9 weeks as well, with a 9-week period decline of -51,848 contracts. The Canadian dollar speculator standing sits right now at -105,015 contracts, the lowest level since June 2021. Overall, the Canadian dollar speculator position has been in a bearish level since August of 2023, a span of 108 weeks. Despite the speculator weakness for the Canadian dollar, the CAD exchange rate has been up approximately 5% against the US dollar since the beginning of 2025.
The US dollar index saw a small decline this week in speculator positions. The US dollar index overall positioning has now been negative for 11 consecutive weeks. In the currency market, the US dollar index is now down since the beginning of 2025 by just about 11%, with the dollar index trading at 97.69 to close out the week.
Finally, the Australian dollar speculative position fell for a fourth straight week this week and has been down 7 out of the last 10 weeks. This week’s decline brings the overall speculative standing to -100,590 net contracts. This is the first -100,000 contract level for the AUD since April of 2024. The speculator contract level has now been in bearish territory for 37 consecutive weeks, with a 3-year strength score showing just 4.9% – illustrating the Australian dollar’s current level is near the bottom of its 3-year range. Despite the weak speculative sentiment, the Australian dollar exchange rate has been higher by almost 6.5% this year against the US dollar, with the currency ending the week at a 0.6547 exchange.
Commodity Currencies (AUD, CAD, NZD) lead price gains this week
The currency market price performance on the week was led by the commodity currencies. First, the Australian Dollar rose by 0.87%, followed closely by the Canadian Dollar with a 0.70% rise, and the New Zealand Dollar, which advanced by 0.57%. The U.S. Dollar Index was up marginally by 0.15%, followed by the Swiss franc which had a small gain of 0.14%. The Japanese yen was virtually unchanged on the week.
The British Pound Sterling was also virtually unchanged with a -0.03% decline, followed by the Brazilian Real, which was a tad bit lower by -0.05%. The Euro fell by -0.19%, and the Mexican Peso was lower by -0.39%. The biggest loss on the week was had by Bitcoin, with a -7.22% decline for the last five days.
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 EuroFX & 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 EuroFX (76 percent) and the Japanese Yen (74 percent) lead the currency markets this week. The Brazilian Real (68 percent), Mexican Peso (64 percent) and the New Zealand Dollar (57 percent) come in as the next highest in the weekly strength scores.
On the downside, the US Dollar Index (2 percent), the Australian Dollar (5 percent) and the British Pound (17 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 (2.1 percent) vs US Dollar Index previous week (2.4 percent)
EuroFX (75.6 percent) vs EuroFX previous week (74.0 percent)
British Pound Sterling (17.5 percent) vs British Pound Sterling previous week (20.4 percent)
Japanese Yen (73.9 percent) vs Japanese Yen previous week (72.0 percent)
Swiss Franc (46.2 percent) vs Swiss Franc previous week (45.6 percent)
Canadian Dollar (42.6 percent) vs Canadian Dollar previous week (48.2 percent)
Australian Dollar (4.9 percent) vs Australian Dollar previous week (9.0 percent)
New Zealand Dollar (57.4 percent) vs New Zealand Dollar previous week (59.8 percent)
Mexican Peso (63.9 percent) vs Mexican Peso previous week (61.7 percent)
Brazilian Real (68.0 percent) vs Brazilian Real previous week (69.2 percent)
Bitcoin (44.8 percent) vs Bitcoin previous week (27.3 percent)
Bitcoin & Mexican Peso top the 6-Week Strength Trends
COT Strength Score Trends (or move index, calculates the 6-week changes in strength scores) showed that the Bitcoin (45 percent) and the Mexican Peso (10 percent) lead the past six weeks trends for the currencies. The Brazilian Real (4 percent) is the next highest positive mover in the 3-Year trends data.
The British Pound (-29 percent) leads the downside trend scores currently with the Australian Dollar (-18 percent), Canadian Dollar (-14 percent) and the New Zealand Dollar (-11 percent) following next with lower trend scores.
3-Year Strength Trends:
US Dollar Index (-5.7 percent) vs US Dollar Index previous week (-4.6 percent)
EuroFX (-2.0 percent) vs EuroFX previous week (-0.7 percent)
British Pound Sterling (-28.8 percent) vs British Pound Sterling previous week (-27.8 percent)
Japanese Yen (-5.3 percent) vs Japanese Yen previous week (-10.6 percent)
Swiss Franc (-8.8 percent) vs Swiss Franc previous week (-10.3 percent)
Canadian Dollar (-14.4 percent) vs Canadian Dollar previous week (-10.0 percent)
Australian Dollar (-18.2 percent) vs Australian Dollar previous week (-14.6 percent)
New Zealand Dollar (-11.3 percent) vs New Zealand Dollar previous week (-10.4 percent)
Mexican Peso (9.6 percent) vs Mexican Peso previous week (4.8 percent)
Brazilian Real (3.8 percent) vs Brazilian Real previous week (-15.1 percent)
Bitcoin (44.8 percent) vs Bitcoin previous week (26.2 percent)
Individual COT Forex Markets:
US Dollar Index Futures:
The US Dollar Index large speculator standing this week equaled a net position of -6,105 contracts in the data reported through Tuesday. This was a weekly lowering of -117 contracts from the previous week which had a total of -5,988 net contracts.
This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish-Extreme with a score of 2.1 percent. The commercials are Bullish-Extreme with a score of 98.7 percent and 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.
| US DOLLAR INDEX Statistics | SPECULATORS | COMMERCIALS | SMALL TRADERS |
| – Percent of Open Interest Longs: | 41.8 | 39.1 | 10.1 |
| – Percent of Open Interest Shorts: | 61.2 | 19.6 | 10.3 |
| – Net Position: | -6,105 | 6,163 | -58 |
| – Gross Longs: | 13,158 | 12,326 | 3,192 |
| – Gross Shorts: | 19,263 | 6,163 | 3,250 |
| – Long to Short Ratio: | 0.7 to 1 | 2.0 to 1 | 1.0 to 1 |
| NET POSITION TREND: | | | |
| – Strength Index Score (3 Year Range Pct): | 2.1 | 98.7 | 29.6 |
| – Strength Index Reading (3 Year Range): | Bearish-Extreme | Bullish-Extreme | Bearish |
| NET POSITION MOVEMENT INDEX: | | | |
| – 6-Week Change in Strength Index: | -5.7 | 3.9 | 9.5 |
Euro Currency Futures:
The Euro Currency large speculator standing this week equaled a net position of 123,039 contracts in the data reported through Tuesday. This was a weekly lift of 4,294 contracts from the previous week which had a total of 118,745 net contracts.
This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bullish with a score of 75.6 percent. The commercials are Bearish with a score of 22.2 percent and the small traders (not shown in chart) are Bullish-Extreme with a score of 80.4 percent.
Price Trend-Following Model: Uptrend
Our weekly trend-following model classifies the current market price position as: Uptrend.
| EURO Currency Statistics | SPECULATORS | COMMERCIALS | SMALL TRADERS |
| – Percent of Open Interest Longs: | 30.7 | 54.8 | 11.3 |
| – Percent of Open Interest Shorts: | 16.1 | 75.3 | 5.3 |
| – Net Position: | 123,039 | -173,206 | 50,167 |
| – Gross Longs: | 258,386 | 461,163 | 95,096 |
| – Gross Shorts: | 135,347 | 634,369 | 44,929 |
| – Long to Short Ratio: | 1.9 to 1 | 0.7 to 1 | 2.1 to 1 |
| NET POSITION TREND: | | | |
| – Strength Index Score (3 Year Range Pct): | 75.6 | 22.2 | 80.4 |
| – Strength Index Reading (3 Year Range): | Bullish | Bearish | Bullish-Extreme |
| NET POSITION MOVEMENT INDEX: | | | |
| – 6-Week Change in Strength Index: | -2.0 | 3.8 | -12.3 |
British Pound Sterling Futures:
The British Pound Sterling large speculator standing this week equaled a net position of -31,353 contracts in the data reported through Tuesday. This was a weekly fall of -6,168 contracts from the previous week which had a total of -25,185 net contracts.
This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish-Extreme with a score of 17.5 percent. The commercials are Bullish with a score of 74.6 percent and the small traders (not shown in chart) are Bullish with a score of 73.5 percent.
Price Trend-Following Model: Uptrend
Our weekly trend-following model classifies the current market price position as: Uptrend.
| BRITISH POUND Statistics | SPECULATORS | COMMERCIALS | SMALL TRADERS |
| – Percent of Open Interest Longs: | 34.6 | 49.6 | 14.6 |
| – Percent of Open Interest Shorts: | 48.8 | 37.8 | 12.2 |
| – Net Position: | -31,353 | 25,962 | 5,391 |
| – Gross Longs: | 76,001 | 108,993 | 32,163 |
| – Gross Shorts: | 107,354 | 83,031 | 26,772 |
| – Long to Short Ratio: | 0.7 to 1 | 1.3 to 1 | 1.2 to 1 |
| NET POSITION TREND: | | | |
| – Strength Index Score (3 Year Range Pct): | 17.5 | 74.6 | 73.5 |
| – Strength Index Reading (3 Year Range): | Bearish-Extreme | Bullish | Bullish |
| NET POSITION MOVEMENT INDEX: | | | |
| – 6-Week Change in Strength Index: | -28.8 | 26.3 | -6.1 |
Japanese Yen Futures:
The Japanese Yen large speculator standing this week equaled a net position of 84,484 contracts in the data reported through Tuesday. This was a weekly rise of 6,903 contracts from the previous week which had a total of 77,581 net contracts.
This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bullish with a score of 73.9 percent. The commercials are Bearish with a score of 28.2 percent and the small traders (not shown in chart) are Bullish with a score of 57.2 percent.
Price Trend-Following Model: Downtrend
Our weekly trend-following model classifies the current market price position as: Downtrend.
| JAPANESE YEN Statistics | SPECULATORS | COMMERCIALS | SMALL TRADERS |
| – Percent of Open Interest Longs: | 47.8 | 39.0 | 11.0 |
| – Percent of Open Interest Shorts: | 24.1 | 64.2 | 9.4 |
| – Net Position: | 84,484 | -90,150 | 5,666 |
| – Gross Longs: | 170,765 | 139,358 | 39,284 |
| – Gross Shorts: | 86,281 | 229,508 | 33,618 |
| – Long to Short Ratio: | 2.0 to 1 | 0.6 to 1 | 1.2 to 1 |
| NET POSITION TREND: | | | |
| – Strength Index Score (3 Year Range Pct): | 73.9 | 28.2 | 57.2 |
| – Strength Index Reading (3 Year Range): | Bullish | Bearish | Bullish |
| NET POSITION MOVEMENT INDEX: | | | |
| – 6-Week Change in Strength Index: | -5.3 | 5.2 | -3.6 |
Swiss Franc Futures:
The Swiss Franc large speculator standing this week equaled a net position of -26,978 contracts in the data reported through Tuesday. This was a weekly increase of 300 contracts from the previous week which had a total of -27,278 net contracts.
This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish with a score of 46.2 percent. The commercials are Bullish with a score of 53.4 percent and the small traders (not shown in chart) are Bullish with a score of 53.0 percent.
Price Trend-Following Model: Uptrend
Our weekly trend-following model classifies the current market price position as: Uptrend.
| SWISS FRANC Statistics | SPECULATORS | COMMERCIALS | SMALL TRADERS |
| – Percent of Open Interest Longs: | 8.4 | 75.1 | 16.5 |
| – Percent of Open Interest Shorts: | 42.6 | 33.2 | 24.2 |
| – Net Position: | -26,978 | 33,052 | -6,074 |
| – Gross Longs: | 6,659 | 59,259 | 13,011 |
| – Gross Shorts: | 33,637 | 26,207 | 19,085 |
| – Long to Short Ratio: | 0.2 to 1 | 2.3 to 1 | 0.7 to 1 |
| NET POSITION TREND: | | | |
| – Strength Index Score (3 Year Range Pct): | 46.2 | 53.4 | 53.0 |
| – Strength Index Reading (3 Year Range): | Bearish | Bullish | Bullish |
| NET POSITION MOVEMENT INDEX: | | | |
| – 6-Week Change in Strength Index: | -8.8 | 16.3 | -24.1 |
Canadian Dollar Futures:
The Canadian Dollar large speculator standing this week equaled a net position of -105,015 contracts in the data reported through Tuesday. This was a weekly decrease of -11,936 contracts from the previous week which had a total of -93,079 net contracts.
This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish with a score of 42.6 percent. The commercials are Bullish with a score of 58.1 percent and the small traders (not shown in chart) are Bearish with a score of 33.8 percent.
Price Trend-Following Model: Uptrend
Our weekly trend-following model classifies the current market price position as: Uptrend.
| CANADIAN DOLLAR Statistics | SPECULATORS | COMMERCIALS | SMALL TRADERS |
| – Percent of Open Interest Longs: | 9.0 | 74.3 | 11.2 |
| – Percent of Open Interest Shorts: | 55.2 | 26.5 | 12.8 |
| – Net Position: | -105,015 | 108,560 | -3,545 |
| – Gross Longs: | 20,397 | 168,866 | 25,465 |
| – Gross Shorts: | 125,412 | 60,306 | 29,010 |
| – Long to Short Ratio: | 0.2 to 1 | 2.8 to 1 | 0.9 to 1 |
| NET POSITION TREND: | | | |
| – Strength Index Score (3 Year Range Pct): | 42.6 | 58.1 | 33.8 |
| – Strength Index Reading (3 Year Range): | Bearish | Bullish | Bearish |
| NET POSITION MOVEMENT INDEX: | | | |
| – 6-Week Change in Strength Index: | -14.4 | 15.8 | -13.9 |
Australian Dollar Futures:
The Australian Dollar large speculator standing this week equaled a net position of -100,590 contracts in the data reported through Tuesday. This was a weekly reduction of -5,703 contracts from the previous week which had a total of -94,887 net contracts.
This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish-Extreme with a score of 4.9 percent. The commercials are Bullish-Extreme with a score of 90.3 percent and the small traders (not shown in chart) are Bearish with a score of 47.3 percent.
Price Trend-Following Model: Uptrend
Our weekly trend-following model classifies the current market price position as: Uptrend.
| AUSTRALIAN DOLLAR Statistics | SPECULATORS | COMMERCIALS | SMALL TRADERS |
| – Percent of Open Interest Longs: | 15.0 | 70.7 | 11.1 |
| – Percent of Open Interest Shorts: | 67.6 | 17.8 | 11.5 |
| – Net Position: | -100,590 | 101,285 | -695 |
| – Gross Longs: | 28,700 | 135,250 | 21,247 |
| – Gross Shorts: | 129,290 | 33,965 | 21,942 |
| – Long to Short Ratio: | 0.2 to 1 | 4.0 to 1 | 1.0 to 1 |
| NET POSITION TREND: | | | |
| – Strength Index Score (3 Year Range Pct): | 4.9 | 90.3 | 47.3 |
| – Strength Index Reading (3 Year Range): | Bearish-Extreme | Bullish-Extreme | Bearish |
| NET POSITION MOVEMENT INDEX: | | | |
| – 6-Week Change in Strength Index: | -18.2 | 17.1 | -8.1 |
New Zealand Dollar Futures:
The New Zealand Dollar large speculator standing this week equaled a net position of -6,105 contracts in the data reported through Tuesday. This was a weekly reduction of -2,035 contracts from the previous week which had a total of -4,070 net contracts.
This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bullish with a score of 57.4 percent. The commercials are Bearish with a score of 43.0 percent and the small traders (not shown in chart) are Bearish with a score of 30.5 percent.
Price Trend-Following Model: Weak Uptrend
Our weekly trend-following model classifies the current market price position as: Weak Uptrend.
| NEW ZEALAND DOLLAR Statistics | SPECULATORS | COMMERCIALS | SMALL TRADERS |
| – Percent of Open Interest Longs: | 32.3 | 53.4 | 7.2 |
| – Percent of Open Interest Shorts: | 43.8 | 38.5 | 10.6 |
| – Net Position: | -6,105 | 7,911 | -1,806 |
| – Gross Longs: | 17,143 | 28,377 | 3,839 |
| – Gross Shorts: | 23,248 | 20,466 | 5,645 |
| – Long to Short Ratio: | 0.7 to 1 | 1.4 to 1 | 0.7 to 1 |
| NET POSITION TREND: | | | |
| – Strength Index Score (3 Year Range Pct): | 57.4 | 43.0 | 30.5 |
| – Strength Index Reading (3 Year Range): | Bullish | Bearish | Bearish |
| NET POSITION MOVEMENT INDEX: | | | |
| – 6-Week Change in Strength Index: | -11.3 | 13.4 | -27.6 |
Mexican Peso Futures:
The Mexican Peso large speculator standing this week equaled a net position of 68,998 contracts in the data reported through Tuesday. This was a weekly boost of 4,473 contracts from the previous week which had a total of 64,525 net contracts.
This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bullish with a score of 63.9 percent. The commercials are Bearish with a score of 37.3 percent and the small traders (not shown in chart) are Bearish with a score of 38.4 percent.
Price Trend-Following Model: Uptrend
Our weekly trend-following model classifies the current market price position as: Uptrend.
| MEXICAN PESO Statistics | SPECULATORS | COMMERCIALS | SMALL TRADERS |
| – Percent of Open Interest Longs: | 58.7 | 35.9 | 4.0 |
| – Percent of Open Interest Shorts: | 17.0 | 79.3 | 2.3 |
| – Net Position: | 68,998 | -71,814 | 2,816 |
| – Gross Longs: | 97,158 | 59,405 | 6,642 |
| – Gross Shorts: | 28,160 | 131,219 | 3,826 |
| – Long to Short Ratio: | 3.5 to 1 | 0.5 to 1 | 1.7 to 1 |
| NET POSITION TREND: | | | |
| – Strength Index Score (3 Year Range Pct): | 63.9 | 37.3 | 38.4 |
| – Strength Index Reading (3 Year Range): | Bullish | Bearish | Bearish |
| NET POSITION MOVEMENT INDEX: | | | |
| – 6-Week Change in Strength Index: | 9.6 | -8.0 | -18.0 |
Brazilian Real Futures:
The Brazilian Real large speculator standing this week equaled a net position of 28,916 contracts in the data reported through Tuesday. This was a weekly decrease of -1,494 contracts from the previous week which had a total of 30,410 net contracts.
This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bullish with a score of 68.0 percent. The commercials are Bearish with a score of 30.5 percent and the small traders (not shown in chart) are Bearish with a score of 41.3 percent.
Price Trend-Following Model: Uptrend
Our weekly trend-following model classifies the current market price position as: Uptrend.
| BRAZIL REAL Statistics | SPECULATORS | COMMERCIALS | SMALL TRADERS |
| – Percent of Open Interest Longs: | 49.1 | 43.6 | 3.6 |
| – Percent of Open Interest Shorts: | 27.2 | 68.2 | 0.9 |
| – Net Position: | 28,916 | -32,549 | 3,633 |
| – Gross Longs: | 64,875 | 57,495 | 4,767 |
| – Gross Shorts: | 35,959 | 90,044 | 1,134 |
| – Long to Short Ratio: | 1.8 to 1 | 0.6 to 1 | 4.2 to 1 |
| NET POSITION TREND: | | | |
| – Strength Index Score (3 Year Range Pct): | 68.0 | 30.5 | 41.3 |
| – Strength Index Reading (3 Year Range): | Bullish | Bearish | Bearish |
| NET POSITION MOVEMENT INDEX: | | | |
| – 6-Week Change in Strength Index: | 3.8 | -3.6 | -1.5 |
Bitcoin Futures:
The Bitcoin large speculator standing this week equaled a net position of -372 contracts in the data reported through Tuesday. This was a weekly advance of 828 contracts from the previous week which had a total of -1,200 net contracts.
This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish with a score of 44.8 percent. The commercials are Bullish with a score of 62.8 percent and the small traders (not shown in chart) are Bearish with a score of 42.1 percent.
Price Trend-Following Model: Uptrend
Our weekly trend-following model classifies the current market price position as: Uptrend.
| BITCOIN Statistics | SPECULATORS | COMMERCIALS | SMALL TRADERS |
| – Percent of Open Interest Longs: | 82.9 | 4.5 | 5.0 |
| – Percent of Open Interest Shorts: | 84.3 | 3.5 | 4.7 |
| – Net Position: | -372 | 280 | 92 |
| – Gross Longs: | 22,793 | 1,235 | 1,382 |
| – Gross Shorts: | 23,165 | 955 | 1,290 |
| – Long to Short Ratio: | 1.0 to 1 | 1.3 to 1 | 1.1 to 1 |
| NET POSITION TREND: | | | |
| – Strength Index Score (3 Year Range Pct): | 44.8 | 62.8 | 42.1 |
| – Strength Index Reading (3 Year Range): | Bearish | Bullish | Bearish |
| NET POSITION MOVEMENT INDEX: | | | |
| – 6-Week Change in Strength Index: | 44.8 | -36.7 | -24.2 |
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.
