₿ Crypto Futures Positioning
CFTC weekly report · Report Date: 2026-05-12
Bitcoin Futures
WASHOUT2-year weekly history · Speculator, commercial, and small trader positioning
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Flow Signal
WASHOUT
Washout in Bitcoin — both sides reducing exposure, potential bottoming.
Spec:
1,259
(-182)
·
Comm:
-2,160
3Y Percentile
87%
Latest Week
Speculator Net
1,259
Commercial Net
-2,160
Small Trader Net
901
Long/Short Ratio
1.07
Open Interest
23,535
Total Traders
127
Ether Futures
WASHOUT2-year weekly history · Speculator, commercial, and small trader positioning
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Flow Signal
WASHOUT
Washout in Ether — both sides reducing exposure, potential bottoming.
Spec:
436
(-793)
·
Comm:
-3,526
3Y Percentile
58%
Latest Week
Speculator Net
436
Commercial Net
-3,526
Small Trader Net
3,090
Long/Short Ratio
1.02
Open Interest
31,749
Total Traders
94
Micro Bitcoin Futures
BULLISH2-year weekly history · Speculator, commercial, and small trader positioning
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Flow Signal
BULLISH
Commercials accumulating Micro Bitcoin while speculators exit — smart money positioning bullish.
Spec:
-4,467
(-279)
·
Comm:
646
3Y Percentile
32%
Latest Week
Speculator Net
-4,467
Commercial Net
646
Small Trader Net
3,821
Long/Short Ratio
0.78
Open Interest
23,443
Total Traders
209
Micro Ether Futures
WASHOUT2-year weekly history · Speculator, commercial, and small trader positioning
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Flow Signal
WASHOUT
Washout in Micro Ether — both sides reducing exposure, potential bottoming.
Spec:
-2,658
(-900)
·
Comm:
0
3Y Percentile
36%
Latest Week
Speculator Net
-2,658
Commercial Net
0
Small Trader Net
2,658
Long/Short Ratio
0.94
Open Interest
44,378
Total Traders
235
Solana Futures
BULLISH2-year weekly history · Speculator, commercial, and small trader positioning
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Flow Signal
BULLISH
Commercials accumulating Solana while speculators exit — smart money positioning bullish.
Spec:
292
(-1,172)
·
Comm:
-1,134
3Y Percentile
22%
Latest Week
Speculator Net
292
Commercial Net
-1,134
Small Trader Net
842
Long/Short Ratio
1.03
Open Interest
12,418
Total Traders
42
XRP Futures
WASHOUT2-year weekly history · Speculator, commercial, and small trader positioning
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Flow Signal
WASHOUT
Washout in XRP — both sides reducing exposure, potential bottoming.
Spec:
909
(-309)
·
Comm:
-960
3Y Percentile
82%
Latest Week
Speculator Net
909
Commercial Net
-960
Small Trader Net
51
Long/Short Ratio
1.15
Open Interest
7,849
Total Traders
33
How to Read COT Data
Speculators (Non-Commercial)
Hedge funds, CTAs, and momentum traders. They follow trends and amplify moves. When their positioning reaches extremes, it often signals the trend is crowded and vulnerable to reversal.
Commercials (Hedgers)
Producers, refiners, and consumers who use futures to hedge their business. They tend to be contrarian — selling into rallies and buying dips. At extremes, they're historically on the right side.
The Percentile Bar
Shows where current speculator positioning ranks vs. the past 3 years. Above 80% = historically bullish, below 20% = historically bearish. Extremes (top/bottom 10%) are the highest-signal readings.
What To Watch For
The best signals come from extreme positioning + divergence: when speculators are max long but commercials are max short, it often precedes a reversal. The weekly change shows who's adding or liquidating.
Source: U.S. Commodity Futures Trading Commission (CFTC) Commitments of Traders reports. Data is published weekly with a 3-day lag.