₿ Crypto Futures Positioning
CFTC weekly report · Report Date: 2026-10-20
Bitcoin Futures
BULLISH2-year weekly history · Speculator, commercial, and small trader positioning
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Flow Signal
BULLISH
Commercials accumulating Bitcoin while speculators exit — smart money positioning bullish.
Spec:
2,418
(-116)
·
Comm:
-2,725
3Y Percentile
88%
Latest Week
Speculator Net
2,418
Commercial Net
-2,725
Small Trader Net
307
Long/Short Ratio
1.17
Open Interest
21,040
Total Traders
114
Ether Futures
BULLISH2-year weekly history · Speculator, commercial, and small trader positioning
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Flow Signal
BULLISH
Commercials accumulating Ether while speculators exit — smart money positioning bullish.
Spec:
1,947
(-460)
·
Comm:
-2,227
3Y Percentile
65%
Latest Week
Speculator Net
1,947
Commercial Net
-2,227
Small Trader Net
280
Long/Short Ratio
1.1
Open Interest
28,344
Total Traders
85
Micro Bitcoin Futures
BEARISH2-year weekly history · Speculator, commercial, and small trader positioning
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Flow Signal
BEARISH
Distribution phase — commercials selling Micro Bitcoin into speculator demand.
Spec:
-4,508
(+855)
·
Comm:
15
3Y Percentile
36%
Latest Week
Speculator Net
-4,508
Commercial Net
15
Small Trader Net
4,493
Long/Short Ratio
0.84
Open Interest
37,623
Total Traders
183
Micro Ether Futures
BULLISH2-year weekly history · Speculator, commercial, and small trader positioning
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Flow Signal
BULLISH
Commercials accumulating Micro Ether while speculators exit — smart money positioning bullish.
Spec:
-1,043
(-139)
·
Comm:
-457
3Y Percentile
76%
Latest Week
Speculator Net
-1,043
Commercial Net
-457
Small Trader Net
1,500
Long/Short Ratio
0.98
Open Interest
77,350
Total Traders
192
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:
618
(-86)
·
Comm:
-726
3Y Percentile
19%
Latest Week
Speculator Net
618
Commercial Net
-726
Small Trader Net
108
Long/Short Ratio
1.05
Open Interest
12,642
Total Traders
38
XRP Futures
BEARISH2-year weekly history · Speculator, commercial, and small trader positioning
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Flow Signal
BEARISH
Distribution phase — commercials selling XRP into speculator demand.
Spec:
1,241
(+12)
·
Comm:
-1,223
3Y Percentile
90%
Latest Week
Speculator Net
1,241
Commercial Net
-1,223
Small Trader Net
-18
Long/Short Ratio
1.21
Open Interest
7,504
Total Traders
30
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.