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 May 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 New Zealand Dollar & British Pound
The COT currency market speculator bets were slightly 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 New Zealand Dollar (6,434 contracts) with the British Pound (2,909 contracts), Swiss Franc (1,797 contracts), US Dollar Index (1,329 contracts), Brazilian Real (639 contracts) and the Bitcoin (170 contracts) also showing positive weeks.
The currencies seeing declines in speculator bets on the week were the Canadian Dollar (-37,651 contracts) and the Australian Dollar (-25,489 contracts) with the Japanese Yen (-20,762 contracts), Mexican Peso (-4,095 contracts) and the EuroFX (-4,087 contracts) also registering lower bets on the week.
New Zealand Dollar Speculators raise Bets as NZD rises on possible higher interest rates
Leading the Currencies market speculator positioning this week was the New Zealand Dollar. The NZD saw speculator bets go higher by almost 6,500 contracts this week and has now improved in two out of the past three weeks. Helping out the New Zealand Dollar contracts – as well as the NZD market price this week – was speculation out of the New Zealand Central Bank that future interest rates would likely be on the rise due to higher inflation risks. This helped move the NZD market price this week go higher by 2% against the US Dollar in the foreign exchange markets. The speculator position, meanwhile, remains overall bearish, with a weekly standing of -34,179 contracts. The NZD speculative standing has now remained in a bearish position for the past 45 consecutive weeks, dating back to July 15th of 2025. We shall see if this new information and possible bias for higher interest rates will dampen the existing bearish sentiment for traders and speculators.
The Canadian Dollar is next up in speculative positioning major changes this week as the CAD speculators dropped their positions by -37,651 contracts. This was the third consecutive week that Canadian Dollar positions have fallen or gone more bearish overall as fluctuating crude oil prices have had a volatile effect on speculator positioning. The Canadian Dollar speculative standing this week sits at -68,882 contracts, which is the most bearish level of the past six weeks. In the foreign exchange markets, the Canadian Dollar is still within its ascending triangle, although currently the CAD is near the bottom of its ascending trend line at the moment and still slightly below its 200-week moving average. But the Canadian Dollar was marginally higher this week and trades around the 0.7254 threshold which means there’s still waiting to be done to see if the CAD breaks out of its ascending triangle soon.
Next up, the Australian Dollar speculative position fell sharply this week after four consecutive weeks of increases. The AUD speculative position remains in a strong bullish level at a total of 60,155 net contracts. The overall position continues to have a strong strength score with an 86.8% score of the range of the past three years, which categorizes as bullish extreme. In the foreign exchange market, the Australian Dollar continues to show strength, and this week gained after falling in the two previous weeks. The AUD closed above the 0.7180 price level and could be rising higher to test the 2026 high (and the highest levels the currency has seen since 2022).
The Japanese Yen speculative position continues to accumulate bearish positions for a third consecutive week this week. The Japanese Yen speculators have now added a total of -52,929 net contracts to a bearish position over just the past three weeks and brings the total bearish level to -114,667 contracts. This is the most bearish position since July 16th of 2024, a span of 97 weeks. In the foreign exchange markets, the Japanese Yen was down just a bit this week, and the volatility of the currency has taken a hit after the Bank of Japan intervened in the currency market to stem the weakness of the JPY a few weeks ago. The current level of the Japanese Yen is back near the price where the BOJ intervened, and traders are understandably treading cautiously.
Finally, the US Dollar Index speculative position this week rose modestly by 1,329 contracts. This has taken the overall net position out of the small bearish position of May 19th to this week’s small bullish position of +850 contracts. The US Dollar Index contracts have been in bullish territory for 10 out of the last 11 weeks. Overall, in the big picture of things, the current positioning marks a very neutral level. In the foreign exchange markets, we have not seen much change for the US Dollar Index as it continues to trade in its well-established range of between 96.50 on the low side and with the significant resistance level of 100.00 on the upside. This week, the Dollar Index dipped and continues almost in the middle of its range to trade at 98.85.
Currencies Price Performance Leaders
The New Zealand Dollar leads Currency market price performances. In the major international Currency market price performances, the New Zealand Dollar came in at the highest weekly gain with a 2.02% increase. The Australian Dollar came in next with a 0.36% rise, followed by the Euro, which was up by 0.24%, and the Swiss Franc, which was also up by 0.24%. The Canadian Dollar rounds out the gainers for the week with a 0.10% uptick.
On the downside, the British Pound Sterling edged lower with a -0.06% slide, followed by the Brazilian Real, which dipped by -0.08%. Next up, the US Dollar Index was slightly lower with a -0.16% shortfall, followed by the Japanese Yen, which was lower by -0.18%. The Mexican Peso dipped by -0.42% on the week.
The biggest decliner on the week was Bitcoin, which saw a fall by -2.60%.
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 Bitcoin & Brazilian Real
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 Bitcoin (95 percent) and the Brazilian Real (92 percent) lead the currency markets this week. The Australian Dollar (87 percent) and the Canadian Dollar (55 percent) come in as the next highest in the weekly strength scores.
On the downside, the British Pound (14 percent) and the Japanese Yen (19 percent) come in at the lowest strength levels currently and are in Extreme-Bearish territory (below 20 percent). The next lowest strength scores are the New Zealand Dollar (26 percent) and the Swiss Franc (30 percent).
3-Year Strength Statistics:
US Dollar Index (46.4 percent) vs US Dollar Index previous week (42.8 percent)
EuroFX (41.0 percent) vs EuroFX previous week (42.6 percent)
British Pound Sterling (13.5 percent) vs British Pound Sterling previous week (12.3 percent)
Japanese Yen (19.1 percent) vs Japanese Yen previous week (24.9 percent)
Swiss Franc (30.2 percent) vs Swiss Franc previous week (26.5 percent)
Canadian Dollar (54.8 percent) vs Canadian Dollar previous week (71.0 percent)
Australian Dollar (86.8 percent) vs Australian Dollar previous week (100.0 percent)
New Zealand Dollar (25.8 percent) vs New Zealand Dollar previous week (18.5 percent)
Mexican Peso (42.3 percent) vs Mexican Peso previous week (45.2 percent)
Brazilian Real (92.1 percent) vs Brazilian Real previous week (91.6 percent)
Bitcoin (94.9 percent) vs Bitcoin previous week (91.5 percent)
Brazilian Real & New Zealand Dollar top the 6-Week Strength Trends
COT Strength Score Trends (or move index, calculates the 6-week changes in strength scores) showed that the Brazilian Real (23 percent) and the New Zealand Dollar (9 percent) lead the past six weeks trends for the currencies. The Canadian Dollar (4 percent), the Bitcoin (2 percent) and the EuroFX (1 percent) are the next highest positive movers in the 3-Year trends data.
The US Dollar Index (-12 percent) leads the downside trend scores currently with the Japanese Yen (-9 percent), Australian Dollar (-3 percent) and the British Pound (-3 percent) following next with lower trend scores.
3-Year Strength Trends:
US Dollar Index (-11.7 percent) vs US Dollar Index previous week (-16.2 percent)
EuroFX (1.3 percent) vs EuroFX previous week (16.0 percent)
British Pound Sterling (-2.8 percent) vs British Pound Sterling previous week (-3.4 percent)
Japanese Yen (-8.7 percent) vs Japanese Yen previous week (-0.0 percent)
Swiss Franc (-2.2 percent) vs Swiss Franc previous week (-12.9 percent)
Canadian Dollar (4.0 percent) vs Canadian Dollar previous week (10.5 percent)
Australian Dollar (-2.5 percent) vs Australian Dollar previous week (7.7 percent)
New Zealand Dollar (9.3 percent) vs New Zealand Dollar previous week (-5.2 percent)
Mexican Peso (-0.6 percent) vs Mexican Peso previous week (3.4 percent)
Brazilian Real (23.0 percent) vs Brazilian Real previous week (22.5 percent)
Bitcoin (1.8 percent) vs Bitcoin previous week (-8.5 percent)
Individual COT Forex Markets:
US Dollar Index Futures:
Positioning Notes:
- US Dollar Index large speculator standing this week recorded a net position of 850 contracts in the data reported through Tuesday.
- Weekly Speculator position increase of 1,329 contracts from the previous week which had a total of -479 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 with a score of 46.4 percent.
- The Commercials are Bullish with a score of 50.0 percent.
- The Small Traders (not shown in chart) are Bullish with a score of 73.3 percent.
Price Trend-Following Model: Uptrend
Our weekly trend-following model classifies the current market price position as: Uptrend.
| US DOLLAR INDEX Statistics | SPECULATORS | COMMERCIALS | SMALL TRADERS |
| – Percent of Open Interest Longs: | 53.8 | 33.9 | 8.0 |
| – Percent of Open Interest Shorts: | 51.8 | 39.6 | 4.3 |
| – Net Position: | 850 | -2,413 | 1,563 |
| – Gross Longs: | 22,732 | 14,337 | 3,364 |
| – Gross Shorts: | 21,882 | 16,750 | 1,801 |
| – Long to Short Ratio: | 1.0 to 1 | 0.9 to 1 | 1.9 to 1 |
| NET POSITION TREND: | | | |
| – Strength Index Score (3 Year Range Pct): | 46.4 | 50.0 | 73.3 |
| – Strength Index Reading (3 Year Range): | Bearish | Bullish | Bullish |
| NET POSITION MOVEMENT INDEX: | | | |
| – 6-Week Change in Strength Index: | -11.7 | 8.2 | 25.7 |
Euro Currency Futures:
Positioning Notes:
- Euro Currency large speculator standing this week recorded a net position of 29,426 contracts in the data reported through Tuesday.
- Weekly Speculator position decline of -4,087 contracts from the previous week which had a total of 33,513 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 with a score of 41.0 percent.
- The Commercials are Bullish with a score of 58.5 percent.
- The Small Traders (not shown in chart) are Bullish with a score of 50.7 percent.
Price Trend-Following Model: Downtrend
Our weekly trend-following model classifies the current market price position as: Downtrend.
| EURO Currency Statistics | SPECULATORS | COMMERCIALS | SMALL TRADERS |
| – Percent of Open Interest Longs: | 27.1 | 57.0 | 10.8 |
| – Percent of Open Interest Shorts: | 23.5 | 65.0 | 6.4 |
| – Net Position: | 29,426 | -65,524 | 36,098 |
| – Gross Longs: | 223,055 | 469,886 | 88,813 |
| – Gross Shorts: | 193,629 | 535,410 | 52,715 |
| – Long to Short Ratio: | 1.2 to 1 | 0.9 to 1 | 1.7 to 1 |
| NET POSITION TREND: | | | |
| – Strength Index Score (3 Year Range Pct): | 41.0 | 58.5 | 50.7 |
| – Strength Index Reading (3 Year Range): | Bearish | Bullish | Bullish |
| NET POSITION MOVEMENT INDEX: | | | |
| – 6-Week Change in Strength Index: | 1.3 | -1.0 | -0.9 |
British Pound Sterling Futures:
Positioning Notes:
- British Pound Sterling large speculator standing this week recorded a net position of -61,398 contracts in the data reported through Tuesday.
- Weekly Speculator position lift of 2,909 contracts from the previous week which had a total of -64,307 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 13.5 percent.
- The Commercials are Bullish-Extreme with a score of 85.0 percent.
- The Small Traders (not shown in chart) are Bearish with a score of 47.7 percent.
Price Trend-Following Model: Weak Downtrend
Our weekly trend-following model classifies the current market price position as: Weak Downtrend.
| BRITISH POUND Statistics | SPECULATORS | COMMERCIALS | SMALL TRADERS |
| – Percent of Open Interest Longs: | 20.6 | 67.9 | 10.1 |
| – Percent of Open Interest Shorts: | 42.3 | 45.4 | 10.9 |
| – Net Position: | -61,398 | 63,548 | -2,150 |
| – Gross Longs: | 57,978 | 191,611 | 28,467 |
| – Gross Shorts: | 119,376 | 128,063 | 30,617 |
| – Long to Short Ratio: | 0.5 to 1 | 1.5 to 1 | 0.9 to 1 |
| NET POSITION TREND: | | | |
| – Strength Index Score (3 Year Range Pct): | 13.5 | 85.0 | 47.7 |
| – Strength Index Reading (3 Year Range): | Bearish-Extreme | Bullish-Extreme | Bearish |
| NET POSITION MOVEMENT INDEX: | | | |
| – 6-Week Change in Strength Index: | -2.8 | 1.7 | 6.2 |
Japanese Yen Futures:
Positioning Notes:
- Japanese Yen large speculator standing this week recorded a net position of -114,667 contracts in the data reported through Tuesday.
- Weekly Speculator position reduction of -20,762 contracts from the previous week which had a total of -93,905 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 19.1 percent.
- The Commercials are Bullish with a score of 78.1 percent.
- The Small Traders (not shown in chart) are Bullish with a score of 54.7 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: | 26.4 | 57.3 | 10.9 |
| – Percent of Open Interest Shorts: | 53.3 | 32.1 | 9.3 |
| – Net Position: | -114,667 | 107,692 | 6,975 |
| – Gross Longs: | 112,993 | 244,888 | 46,540 |
| – Gross Shorts: | 227,660 | 137,196 | 39,565 |
| – Long to Short Ratio: | 0.5 to 1 | 1.8 to 1 | 1.2 to 1 |
| NET POSITION TREND: | | | |
| – Strength Index Score (3 Year Range Pct): | 19.1 | 78.1 | 54.7 |
| – Strength Index Reading (3 Year Range): | Bearish-Extreme | Bullish | Bullish |
| NET POSITION MOVEMENT INDEX: | | | |
| – 6-Week Change in Strength Index: | -8.7 | 6.7 | 12.4 |
Swiss Franc Futures:
Positioning Notes:
- Swiss Franc large speculator standing this week recorded a net position of -35,140 contracts in the data reported through Tuesday.
- Weekly Speculator position boost of 1,797 contracts from the previous week which had a total of -36,937 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 with a score of 30.2 percent.
- The Commercials are Bullish with a score of 73.1 percent.
- The Small Traders (not shown in chart) are Bearish with a score of 36.2 percent.
Price Trend-Following Model: Weak Downtrend
Our weekly trend-following model classifies the current market price position as: Weak Downtrend.
| SWISS FRANC Statistics | SPECULATORS | COMMERCIALS | SMALL TRADERS |
| – Percent of Open Interest Longs: | 6.7 | 82.5 | 10.7 |
| – Percent of Open Interest Shorts: | 40.0 | 39.7 | 20.2 |
| – Net Position: | -35,140 | 45,171 | -10,031 |
| – Gross Longs: | 7,118 | 87,063 | 11,286 |
| – Gross Shorts: | 42,258 | 41,892 | 21,317 |
| – Long to Short Ratio: | 0.2 to 1 | 2.1 to 1 | 0.5 to 1 |
| NET POSITION TREND: | | | |
| – Strength Index Score (3 Year Range Pct): | 30.2 | 73.1 | 36.2 |
| – Strength Index Reading (3 Year Range): | Bearish | Bullish | Bearish |
| NET POSITION MOVEMENT INDEX: | | | |
| – 6-Week Change in Strength Index: | -2.2 | 7.3 | -14.5 |
Canadian Dollar Futures:
Positioning Notes:
- Canadian Dollar large speculator standing this week recorded a net position of -68,882 contracts in the data reported through Tuesday.
- Weekly Speculator position decline of -37,651 contracts from the previous week which had a total of -31,231 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 54.8 percent.
- The Commercials are Bearish with a score of 46.8 percent.
- The Small Traders (not shown in chart) are Bearish with a score of 37.1 percent.
Price Trend-Following Model: Strong Downtrend
Our weekly trend-following model classifies the current market price position as: Strong Downtrend.
| CANADIAN DOLLAR Statistics | SPECULATORS | COMMERCIALS | SMALL TRADERS |
| – Percent of Open Interest Longs: | 18.0 | 65.6 | 10.7 |
| – Percent of Open Interest Shorts: | 41.1 | 41.4 | 11.7 |
| – Net Position: | -68,882 | 71,845 | -2,963 |
| – Gross Longs: | 53,676 | 195,307 | 31,797 |
| – Gross Shorts: | 122,558 | 123,462 | 34,760 |
| – Long to Short Ratio: | 0.4 to 1 | 1.6 to 1 | 0.9 to 1 |
| NET POSITION TREND: | | | |
| – Strength Index Score (3 Year Range Pct): | 54.8 | 46.8 | 37.1 |
| – Strength Index Reading (3 Year Range): | Bullish | Bearish | Bearish |
| NET POSITION MOVEMENT INDEX: | | | |
| – 6-Week Change in Strength Index: | 4.0 | -2.6 | -8.0 |
Australian Dollar Futures:
Positioning Notes:
- Australian Dollar large speculator standing this week recorded a net position of 60,155 contracts in the data reported through Tuesday.
- Weekly Speculator position lowering of -25,489 contracts from the previous week which had a total of 85,644 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-Extreme with a score of 86.8 percent.
- The Commercials are Bearish-Extreme with a score of 13.7 percent.
- The Small Traders (not shown in chart) are Bullish-Extreme with a score of 82.8 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: | 42.6 | 40.5 | 13.2 |
| – Percent of Open Interest Shorts: | 22.8 | 67.1 | 6.5 |
| – Net Position: | 60,155 | -80,432 | 20,277 |
| – Gross Longs: | 129,129 | 122,598 | 39,822 |
| – Gross Shorts: | 68,974 | 203,030 | 19,545 |
| – Long to Short Ratio: | 1.9 to 1 | 0.6 to 1 | 2.0 to 1 |
| NET POSITION TREND: | | | |
| – Strength Index Score (3 Year Range Pct): | 86.8 | 13.7 | 82.8 |
| – Strength Index Reading (3 Year Range): | Bullish-Extreme | Bearish-Extreme | Bullish-Extreme |
| NET POSITION MOVEMENT INDEX: | | | |
| – 6-Week Change in Strength Index: | -2.5 | 4.5 | -11.6 |
New Zealand Dollar Futures:
Positioning Notes:
- New Zealand Dollar large speculator standing this week recorded a net position of -34,179 contracts in the data reported through Tuesday.
- Weekly Speculator position lift of 6,434 contracts from the previous week which had a total of -40,613 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 with a score of 25.8 percent.
- The Commercials are Bullish with a score of 75.7 percent.
- The Small Traders (not shown in chart) are Bearish-Extreme with a score of 15.8 percent.
Price Trend-Following Model: Weak Downtrend
Our weekly trend-following model classifies the current market price position as: Weak Downtrend.
| NEW ZEALAND DOLLAR Statistics | SPECULATORS | COMMERCIALS | SMALL TRADERS |
| – Percent of Open Interest Longs: | 12.8 | 82.5 | 3.9 |
| – Percent of Open Interest Shorts: | 50.2 | 42.0 | 7.0 |
| – Net Position: | -34,179 | 36,990 | -2,811 |
| – Gross Longs: | 11,721 | 75,380 | 3,570 |
| – Gross Shorts: | 45,900 | 38,390 | 6,381 |
| – Long to Short Ratio: | 0.3 to 1 | 2.0 to 1 | 0.6 to 1 |
| NET POSITION TREND: | | | |
| – Strength Index Score (3 Year Range Pct): | 25.8 | 75.7 | 15.8 |
| – Strength Index Reading (3 Year Range): | Bearish | Bullish | Bearish-Extreme |
| NET POSITION MOVEMENT INDEX: | | | |
| – 6-Week Change in Strength Index: | 9.3 | -7.6 | -17.9 |
Mexican Peso Futures:
Positioning Notes:
- Mexican Peso large speculator standing this week recorded a net position of 58,154 contracts in the data reported through Tuesday.
- Weekly Speculator position decrease of -4,095 contracts from the previous week which had a total of 62,249 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 with a score of 42.3 percent.
- The Commercials are Bullish with a score of 55.2 percent.
- The Small Traders (not shown in chart) are Bullish with a score of 51.8 percent.
Price Trend-Following Model: Strong Uptrend
Our weekly trend-following model classifies the current market price position as: Strong Uptrend.
| MEXICAN PESO Statistics | SPECULATORS | COMMERCIALS | SMALL TRADERS |
| – Percent of Open Interest Longs: | 45.0 | 50.2 | 4.0 |
| – Percent of Open Interest Shorts: | 16.1 | 81.7 | 1.4 |
| – Net Position: | 58,154 | -63,390 | 5,236 |
| – Gross Longs: | 90,541 | 100,952 | 8,046 |
| – Gross Shorts: | 32,387 | 164,342 | 2,810 |
| – Long to Short Ratio: | 2.8 to 1 | 0.6 to 1 | 2.9 to 1 |
| NET POSITION TREND: | | | |
| – Strength Index Score (3 Year Range Pct): | 42.3 | 55.2 | 51.8 |
| – Strength Index Reading (3 Year Range): | Bearish | Bullish | Bullish |
| NET POSITION MOVEMENT INDEX: | | | |
| – 6-Week Change in Strength Index: | -0.6 | 0.1 | 3.4 |
Brazilian Real Futures:
Positioning Notes:
- Brazilian Real large speculator standing this week recorded a net position of 71,651 contracts in the data reported through Tuesday.
- Weekly Speculator position increase of 639 contracts from the previous week which had a total of 71,012 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-Extreme with a score of 92.1 percent.
- The Commercials are Bearish-Extreme with a score of 7.8 percent.
- The Small Traders (not shown in chart) are Bearish with a score of 38.7 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: | 63.2 | 17.9 | 3.1 |
| – Percent of Open Interest Shorts: | 16.1 | 67.0 | 1.0 |
| – Net Position: | 71,651 | -74,812 | 3,161 |
| – Gross Longs: | 96,204 | 27,253 | 4,757 |
| – Gross Shorts: | 24,553 | 102,065 | 1,596 |
| – Long to Short Ratio: | 3.9 to 1 | 0.3 to 1 | 3.0 to 1 |
| NET POSITION TREND: | | | |
| – Strength Index Score (3 Year Range Pct): | 92.1 | 7.8 | 38.7 |
| – Strength Index Reading (3 Year Range): | Bullish-Extreme | Bearish-Extreme | Bearish |
| NET POSITION MOVEMENT INDEX: | | | |
| – 6-Week Change in Strength Index: | 23.0 | -22.0 | -5.0 |
Bitcoin Futures:
Positioning Notes:
- Bitcoin large speculator standing this week recorded a net position of 2,282 contracts in the data reported through Tuesday.
- Weekly Speculator position increase of 170 contracts from the previous week which had a total of 2,112 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-Extreme with a score of 94.9 percent.
- The Commercials are Bearish-Extreme with a score of 3.4 percent.
- The Small Traders (not shown in chart) are Bearish with a score of 42.9 percent.
Price Trend-Following Model: Downtrend
Our weekly trend-following model classifies the current market price position as: Downtrend.
| BITCOIN Statistics | SPECULATORS | COMMERCIALS | SMALL TRADERS |
| – Percent of Open Interest Longs: | 79.3 | 1.0 | 5.9 |
| – Percent of Open Interest Shorts: | 68.7 | 12.0 | 5.4 |
| – Net Position: | 2,282 | -2,390 | 108 |
| – Gross Longs: | 17,146 | 212 | 1,267 |
| – Gross Shorts: | 14,864 | 2,602 | 1,159 |
| – Long to Short Ratio: | 1.2 to 1 | 0.1 to 1 | 1.1 to 1 |
| NET POSITION TREND: | | | |
| – Strength Index Score (3 Year Range Pct): | 94.9 | 3.4 | 42.9 |
| – Strength Index Reading (3 Year Range): | Bullish-Extreme | Bearish-Extreme | Bearish |
| NET POSITION MOVEMENT INDEX: | | | |
| – 6-Week Change in Strength Index: | 1.8 | -7.7 | 13.4 |
Article By InvestMacro – Receive our weekly COT Reports by Email
*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.
All information and opinions on this website and contained in this article are for general informational purposes only and do not constitute investment advice.
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