We published this chart a few months back noting that Bitcoin has never rallied while Large Speculators were net-long in Bitcoin futures and that streak continues this month as they remain net-long. This past week, Large Speculators actually increased their net-long positions by a lot as Bitcoin continues to struggle and near 2025 lows. This will be a good experiment to watch and see where Bitcoin goes from here and how it impacts positioning.
Some may say that Bitcoin futures is a small part of the BTC world and does not represent the entire trader population. Which may be true, but so far the COT data has done well identifying the reward/risk potential in Bitcoin. I have always said that COT data is not a great predictor of direction, but it sure does help you manage risk by knowing which side is crowded.
Some may say that Bitcoin futures is a small part of the BTC world and does not represent the entire trader population. Which may be true, but so far the COT data has done well identifying the reward/risk potential in Bitcoin. I have always said that COT data is not a great predictor of direction, but it sure does help you manage risk by knowing which side is crowded.
Crowded Market Report by Jason Shapiro
crowdedmarketreport.com
crowdedmarketreport.com
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Crowded Market Report by Jason Shapiro
crowdedmarketreport.com
crowdedmarketreport.com
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.