Bitcoin COT Report — Net Positioning
Bitcoin futures · CME · CFTC contract code 133741
Latest positioning
Week ending 6 October 2026 · added 75 on the week · open interest 21,432 (+1,836)
Net speculative position — last 52 weeks
The current reading sits in the 91th percentile of its 3-year range — over the past 3 years, the net position has been lower than it is now 91% of the time. A high reading means the position is crowded by its own historical standards; it is context, not a forecast.
All three cohorts
| Category | Net position | Week change |
|---|---|---|
| Large speculatorsFunds and managed money | +2,540 | +75 |
| CommercialsProducers, users and banks hedging physical exposure | -3,006 | -236 |
| Small tradersBelow the CFTC reporting threshold | +466 | — |
The three cohorts net to zero between them — every long has a short on the other side. Commercials being heavily short is normal for a produced commodity and is not a bearish view; it is a hedge against inventory they already own.
Weekly history
| Week ending | Specs net | Open interest |
|---|---|---|
| 6 Oct 2026 | +2,540 | 21,432 |
| 29 Sep 2026 | +2,465 | 19,596 |
| 22 Sep 2026 | +2,756 | 22,315 |
| 15 Sep 2026 | +2,468 | 20,773 |
| 8 Sep 2026 | +1,524 | 21,083 |
| 1 Sep 2026 | +703 | 19,697 |
| 25 Aug 2026 | +1,949 | 22,216 |
| 18 Aug 2026 | +2,736 | 21,760 |
| 11 Aug 2026 | +3,865 | 21,185 |
| 4 Aug 2026 | +3,752 | 20,143 |
| 28 Jul 2026 | +3,904 | 20,019 |
| 21 Jul 2026 | +3,054 | 20,527 |
| 14 Jul 2026 | +3,091 | 19,385 |
| 7 Jul 2026 | +3,500 | 18,832 |
| 30 Jun 2026 | +3,770 | 18,336 |
| 23 Jun 2026 | +3,524 | 20,554 |
| 16 Jun 2026 | +3,475 | 21,125 |
| 9 Jun 2026 | +3,018 | 19,776 |
| 2 Jun 2026 | +2,458 | 19,882 |
| 26 May 2026 | +2,282 | 21,625 |
| 19 May 2026 | +2,112 | 23,000 |
| 12 May 2026 | +1,259 | 23,535 |
| 5 May 2026 | +1,441 | 23,402 |
| 28 Apr 2026 | +2,392 | 21,692 |
| 21 Apr 2026 | +2,071 | 24,994 |
| 14 Apr 2026 | +2,193 | 23,761 |
| 7 Apr 2026 | +2,540 | 22,308 |
| 31 Mar 2026 | +2,253 | 20,631 |
| 24 Mar 2026 | +2,106 | 23,268 |
| 17 Mar 2026 | +1,773 | 23,807 |
| 10 Mar 2026 | +1,302 | 21,047 |
| 3 Mar 2026 | +1,011 | 20,302 |
| 24 Feb 2026 | +1,172 | 22,919 |
| 17 Feb 2026 | +1,638 | 23,335 |
| 10 Feb 2026 | +1,017 | 24,157 |
| 3 Feb 2026 | +1,008 | 23,044 |
| 27 Jan 2026 | +690 | 24,276 |
| 20 Jan 2026 | +298 | 24,541 |
| 13 Jan 2026 | +69 | 23,843 |
| 6 Jan 2026 | -734 | 22,168 |
| 30 Dec 2025 | -513 | 20,166 |
| 23 Dec 2025 | -479 | 21,988 |
| 16 Dec 2025 | +106 | 24,502 |
| 9 Dec 2025 | +265 | 24,793 |
| 2 Dec 2025 | +567 | 24,329 |
| 25 Nov 2025 | -83 | 26,260 |
| 18 Nov 2025 | -312 | 27,116 |
| 10 Nov 2025 | +128 | 27,544 |
| 4 Nov 2025 | -275 | 27,093 |
| 28 Oct 2025 | -543 | 28,717 |
| 21 Oct 2025 | -329 | 28,477 |
| 14 Oct 2025 | -452 | 28,503 |
Source: CFTC Commitments of Traders (Legacy, futures only) — a US government work, public domain. Positions are measured Tuesday and published the following Friday at about 15:30 ET, so this report is always at least three days behind the market. Positioning describes how traders are placed; it is not a forecast.