₿ Crypto Futures Positioning
CFTC weekly report · Report Date: 2026-07-21
Bitcoin Futures
SQUEEZE2-year weekly history · Speculator, commercial, and small trader positioning
Loading charts...
Flow Signal
SQUEEZE
Long squeeze risk in Bitcoin — specs unwinding from 3-year extreme. Commercials accumulating Bitcoin while speculators exit — smart money positioning bullish.
Spec:
3,054
(-37)
·
Comm:
-2,986
3Y Percentile
97%
Latest Week
Speculator Net
3,054
Commercial Net
-2,986
Small Trader Net
-68
Long/Short Ratio
1.23
Open Interest
20,527
Total Traders
123
Ether Futures
BEARISH2-year weekly history · Speculator, commercial, and small trader positioning
Loading charts...
Flow Signal
BEARISH
Distribution phase — commercials selling Ether into speculator demand.
Spec:
3,915
(+743)
·
Comm:
-4,350
3Y Percentile
97%
Latest Week
Speculator Net
3,915
Commercial Net
-4,350
Small Trader Net
435
Long/Short Ratio
1.24
Open Interest
23,667
Total Traders
83
Micro Bitcoin Futures
BEARISH2-year weekly history · Speculator, commercial, and small trader positioning
Loading charts...
Flow Signal
BEARISH
Distribution phase — commercials selling Micro Bitcoin into speculator demand.
Spec:
-1,785
(+113)
·
Comm:
-1,083
3Y Percentile
93%
Latest Week
Speculator Net
-1,785
Commercial Net
-1,083
Small Trader Net
2,868
Long/Short Ratio
0.92
Open Interest
31,118
Total Traders
202
Micro Ether Futures
WASHOUT2-year weekly history · Speculator, commercial, and small trader positioning
Loading charts...
Flow Signal
WASHOUT
Washout in Micro Ether — both sides reducing exposure, potential bottoming.
Spec:
-2,181
(-808)
·
Comm:
10
3Y Percentile
41%
Latest Week
Speculator Net
-2,181
Commercial Net
10
Small Trader Net
2,171
Long/Short Ratio
0.96
Open Interest
56,175
Total Traders
205
Solana Futures
WASHOUT2-year weekly history · Speculator, commercial, and small trader positioning
Loading charts...
Flow Signal
WASHOUT
Washout in Solana — both sides reducing exposure, potential bottoming.
Spec:
1,039
(+16)
·
Comm:
-966
3Y Percentile
31%
Latest Week
Speculator Net
1,039
Commercial Net
-966
Small Trader Net
-73
Long/Short Ratio
1.11
Open Interest
10,510
Total Traders
31
XRP Futures
BULLISH2-year weekly history · Speculator, commercial, and small trader positioning
Loading charts...
Flow Signal
BULLISH
Commercials accumulating XRP while speculators exit — smart money positioning bullish.
Spec:
878
(-92)
·
Comm:
-799
3Y Percentile
65%
Latest Week
Speculator Net
878
Commercial Net
-799
Small Trader Net
-79
Long/Short Ratio
1.16
Open Interest
6,978
Total Traders
28
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.