Bitcoin Speculators added to bearish net positions for 1st time in 4 weeks

March 3, 2018

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Bitcoin Non-Commercial Speculator Positions:

Large crypto speculators raised their bearish net positions in the Bitcoin futures markets this week, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC) on Friday.

The non-commercial futures contracts of Bitcoin futures, traded by large speculators and hedge funds, totaled a net position of -1,833 contracts in the data reported through Tuesday February 27th. This was a weekly fall of -225 contracts from the previous week which had a total of -1,608 net contracts.

Speculative positions had trimmed their bearish bets for the previous three weeks before this week’s slight turnaround.

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Small traders, meanwhile, increased their existing bullish positions by an equally offsetting 225 contracts this week to an overall current level at 1,833 net contracts.

Bitcoin Futures COT Data: Specs vs Smalls

The Bitcoin futures data has reached its eleventh week going back to the start of futures reporting on December 19th. The data includes trader classifications of only speculators and small traders and without commercial traders (typically business hedgers or producers of a commodity).

Speculators have been on the bearish side from the start while the small traders have remained on the bullish side of this market.

Bitcoin per USD:

Over the same weekly reporting time-frame, from Tuesday to Tuesday, the Bitcoin Cryptocurrency Futures closed at approximately $10,741.0 which was a shortfall of $-688.0 from the previous close of $11,429.0, according to unofficial market data.

*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) as well as the commercial traders (hedgers & traders for business purposes) 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). Find CFTC criteria here: (

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