Markets · COT reports
Commitments of Traders reports
Where large speculators, commercial hedgers and small traders stand in 23 futures markets, from the weekly Commitments of Traders report of the US regulator CFTC. Currencies, crypto, metals, energy and stock indices, each with 3 years of weekly history, free to read without an account.
Bitcoin in the COT report
CME bitcoin futures: large speculators are net long 2,230 contracts, -490 over the week. The CFTC reports regulated crypto futures next to the dollar and gold, so the positioning of funds in bitcoin reads on the same scale as in any other market.
Open the bitcoin reportCurrencies
| Market | Speculators net | Week change | Speculators long | Hedgers net |
|---|---|---|---|---|
| Euro | -157,791 | -13,897 | 37% | +124,851 |
| Japanese yen | +102,321 | +730 | 65% | -103,167 |
| British pound | -59,821 | +19,593 | 34% | +68,999 |
| Swiss franc | -16,589 | +3,460 | 39% | +29,792 |
| Canadian dollar | -41,775 | +24,649 | 41% | +49,384 |
| Australian dollar | -129,457 | -1,142 | 30% | +112,683 |
| New Zealand dollar | -60,015 | -2,325 | 19% | +62,729 |
| Mexican peso | +18,017 | -2,826 | 55% | -18,261 |
| US dollar index | +14,190 | +69 | 64% | -16,414 |
Crypto
Metals
Energy
| Market | Speculators net | Week change | Speculators long | Hedgers net |
|---|---|---|---|---|
| WTI crude oil | +80,289 | +5,946 | 57% | -111,277 |
| Natural gas | -258,863 | -3,699 | 34% | +243,049 |
Indices and rates
| Market | Speculators net | Week change | Speculators long | Hedgers net |
|---|---|---|---|---|
| S&P 500 | -129,414 | +4,954 | 39% | +5,195 |
| Nasdaq 100 | +42,873 | -5,966 | 66% | -63,270 |
| Dow Jones | +10,354 | +2,610 | 67% | -14,878 |
| Russell 2000 | -23,654 | +12,425 | 45% | +14,368 |
| VIX | -76,916 | +550 | 35% | +77,424 |
| 10-year Treasury note | -962,359 | +19,179 | 30% | +927,242 |
What the COT report shows
Every week the CFTC publishes how the open futures positions in US markets are split between three groups of traders. Large speculators are funds and trading advisers who hold futures for the price move. Commercial hedgers are producers, consumers and banks that use futures to fix a price for business they already have. Small traders are everyone below the reporting threshold.
The table shows the net position of each group, longs minus shorts, and how it changed since the previous report. Speculators tend to follow the trend, and hedgers sit on the other side of it almost by definition, so the two net positions usually mirror each other.
Each market has its own page with the three groups on a weekly chart, the full split of the latest report and where the speculators' net position sits in its three-year range.
When is the COT report released
Every Friday at 3:30 pm US Eastern time, with positions as of the Tuesday before. When a US federal holiday falls in the week, the release usually moves to the next business day.
Which version of the report is this
The legacy report for futures only. It has the longest history and the three classic groups most COT charts use. The CFTC also publishes versions that add options and split traders into finer groups, so figures elsewhere can differ from these for that reason alone.
Why are bitcoin and ether here
CME lists regulated bitcoin and ether futures, and the CFTC reports them like any other market. Funds that cannot hold coins directly trade these contracts, so the report shows how that money is positioned in crypto, which spot exchanges do not disclose.
Is this a trading signal
No. Positioning shows who holds what, not what the price will do next. Speculators can stay heavily long through a long rally, and an extreme reading can last for months. Use it as context next to price and your own plan.